Fortis Healthcare, country’s second largest hospital chain is looking for the members’ approval for internal restructuring. Under the company’s internal restructuring, some of its hospitals would be separated into two business verticals.
Further, the company is planning to split its business into a ‘medical services division’ and ‘clinical establishment division’. According to the plan, the clinical establishment division will comprise radiology and out patients departments of 16 identified hospitals, including four new facilities.
Earlier, the company had announced that it is likely to raise about Rs 2,000 crore by listing its hospitals business in Singapore, through group unit Religare Health Trust. Through these funds, it aims to expand its clinical operations and cut debt. It has received in-principle approval for the listing proposal. The company aims to add about 2,500 hospital beds in 3-4 years.
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