Bangladesh, Oct. 29 -- Fortis Healthcare has acquired Suguna Hospital in north-west Bengaluru in an all-cash deal valued at about Rs 277 crore. The company said that the transaction was completed the same day. It was carried out through International Hospital, a wholly owned subsidiary.

Fortis Healthcare acquisition details The transaction has two parts. International Hospital signed a business transfer agreement with Suguna Ramaiah Hospitals Private to acquire its entire business and operations. It also signed a sale deed to buy the hospital's land and building from Dr Ramaiah Ravindra, one of Suguna's promoters.

The filing described the business purchase as a slump sale. No shares are being acquired, so there is no change in shareho...