December 20, 2025 – Bengaluru, India – Fortis Healthcare Ltd, one of India’s leading healthcare providers, announced that it will acquire People Tree Hospital in Yeshwantpur, Bengaluru, for 4.3 billion rupees ($48 million). The acquisition will be executed through Fortis’ wholly-owned subsidiary, International Hospital, via a 100% acquisition of TMI Healthcare, the entity that operates People Tree Hospital.

Strengthening Presence in South India

The acquisition is part of Fortis Healthcare’s strategy to expand its footprint in South India and enhance its healthcare service offerings. The company also plans to invest an additional 4.1 billion rupees over the next three years to further upgrade and expand the hospital’s facilities.

Fortis stated that the deal will strengthen existing operations, improve revenue and profitability, and advance its planned investment initiatives across its network.

Fortis Healthcare Overview

Partly owned by Malaysia’s IHH Healthcare Bhd, Fortis operates 33 healthcare facilities with more than 5,700 beds across 11 Indian states. The company plans to invest a total of 7 billion rupees in hospital expansions over the next four years, focusing on key markets including Bengaluru, Mumbai, the National Capital Region, and Punjab.

CEO Ashutosh Raghuvanshi emphasized that these strategic acquisitions and investments aim to enhance healthcare accessibility and quality while scaling up the company’s capacity to meet growing demand.

Strategic Implications

The acquisition of People Tree Hospital strengthens Fortis Healthcare’s position in the competitive South Indian healthcare market and demonstrates the company’s commitment to expanding its network of advanced healthcare facilities. This move aligns with Fortis’ broader strategy to invest in modern infrastructure, specialized care services, and regional market growth.