
India's Fortis weighs competing buyout offers
Indian healthcare service provider Fortis Healthcare (FHL) has formed a panel to evaluate several competing investment offers, including bids of INR61 billion ($933 million) from TPG Capital-backed Manipal Hospital Enterprises (MHEPL) and INR101 billion from KKR-backed Radiant Life Care.
The panel will evaluate all binding offers and make its recommendation to FHL’s board by April 26, according to a regulatory filing. At the time of the announcement FHL had received binding offers from...
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