Fortis Healthcare Limited (NSEI:FORTIS) signed definitive agreements to acquire Medeor Hospital Manesar from Medeor Hospital Limited and VPS Health Care Private Limited for INR 2.25 billion on April 20, 2023. Fortis Healthcare is acquiring Medeor Hospital Manesar, along with all movable assets located therein. The transaction will be funded through a mix of debt and internal accruals. The transaction is subject to certain governmental and regulatory approvals. The Transaction is proposed to be consummated on July 31, 2023. Saraf and Partners, Law Offices, acted as legal advisors for this transaction and MediConsult Capital acted as financial advisors for this transaction. Ketan Mukhija of Link Legal India Law Services acted as legal due diligence advisor to Medeor Hospital Limited and VPS Healthcare Group.

Fortis Healthcare Limited (NSEI:FORTIS) completed the acquisition of Medeor Hospital Manesar from Medeor Hospital Limited and VPS Health Care Private Limited August 29, 2023.