Fortis Healthcare Rallies on Bengaluru Expansion Push
Fortis Healthcare Shares Climb Fortis Healthcare stock rose 1.56% to ₹904.55 after the company unveiled a major expansion plan aimed at strengthening its Bengaluru presence.
₹840 Crore Investment Plan Fortis plans to invest around ₹840 crore in Bengaluru as part of its cluster-focused growth strategy, targeting capacity expansion and advanced clinical services.
People Tree Hospital Acquisition Through its subsidiary, Fortis will acquire the 125-bedded People Tree Hospital in Yeshwanthpur for ₹430 crore, including debt, covering hospital business, land and building.
Healthcare Impact The partnership strengthens precision diagnostics availability in India, potentially improving early detection and long-term outcomes.
Capacity to Cross 300 Beds
An adjacent 0.8-acre land parcel will help scale the facility to over 300 beds. ₹410 crore will be invested over three years to add beds, upgrade equipment and introduce radiation oncology.