Hints and tips:
...The company is now evaluating bids from four interested parties: the Munjal-Burman consortium, Malaysia’s IHH Healthcare, Indian company Radiant Life Care, and Indian hospital group Manipal, which is backed...
...They accepted an initial bid from Manipal Hospitals, another Indian chain of hospitals, to take over Fortis’ hospitals and invest Rs39bn in the merged group. Manipal is being backed by TPG....
...Fortis has been up for sale since the departure of its founders, the Singh brothers, who are facing heavy penalties relating to a previous deal to sell their drug company Ranbaxy to the Japanese company...
...The Singh brothers and Fortis declined to comment. Mr Tempest did not respond to a request for comment....
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