Fortis Healthcare, through its wholly-owned subsidiary Fortis Hospotel Limited (FHTL), has announced the acquisition of Shrimann Superspecialty Hospital, a leading multi-specialty healthcare provider in Jalandhar, worth Rs461.9 crores. The deal, signed on February 14, 2025, strengthens Fortis’ presence in Punjab, adding to its hospitals in Mohali, Amritsar, and Ludhiana.
Key Highlights of the Acquisition
- Total Deal Value: INR 461.9 crores
- Hospital Business & Assets Acquisition: INR 423.4 crores
- Hospital Land Purchase: INR 21.6 crores
- Adjacent Land Purchase: INR 16.9 crores
- Completion Timeline: Expected by March 31, 2025
- Mode of Payment: Cash Consideration
About Shrimann Superspecialty Hospital
Commissioned in 2018, Shrimann Hospital is one of Jalandhar’s premier medical institutions. Spread across 3 acres, the 228-bed NABH-accredited facility specializes in Cardiac Sciences, Neurosciences, Nephrology, Oncology, Gastroenterology, and General Surgery. The hospital generated a revenue of INR 137.4 crores in FY24, marking significant growth from INR 77.8 crores in FY22.
This strategic move aligns with Fortis’ cluster-focused expansion strategy, enhancing its ability to provide world-class healthcare to patients in Punjab. The acquisition will enable scalability, infrastructure enhancement, and improved patient care in the region.
