India, Oct. 28 -- image credit- shutterstock

Fortis Healthcare Limited (FHL) has announced its acquisition of Suguna Hospital in Bengaluru from inter alia Suguna Ramaiah Hospitals by way of a slump sale. The said acquisition has been undertaken by FHL's wholly-owned subsidiary International Hospital Limited (IHL) with the transaction being consummated today.

As part of the transaction, IHL would acquire the entire business operations of Suguna Hospital, along with the underlying hospital land and building. The transaction, structured as an all-cash deal is in line with the company's cluster-focused inorganic growth strategy and further bolsters Fortis' network in the city of Bengaluru.

Commissioned in 2006, Suguna Hospital is a 110-bed...