Fortis bids $2.3 billion for Parkway
Following Malaysian SWF Khazanah Nasional Bhd.’s $835 million bid to gain 51.5% of Parkway Holdings, Asia Pacific’s largest hospital management firm, Indian hospital operator Fortis Healthcare has offered $2.3 billion to acquire Parkway, putting pressure on the Malaysian SWF to up its bid if it aims to continue pursuing Parkway.
Analysts had speculated that Fortis would need to bid at least $2.3 billion to buy all of Parkway in order to succeed in acquiring its target, a notion that arose after Khazanah's bid was branded as "not...
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