Fortis Health in talks to buy stake in Care Hospital

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Fortis Healthcare is in talks to buy a majority stake in Hyderabad-based Care Hospital in a move that will help the healthcare company ramp up its presence in south India and bridge the gap with the country’s largest healthcare chain Apollo Hospitals.
Fortis is in discussions with a few minority investors who together own around 50% of the hospital to buy their stake. This 50% stake could cost upwards of 300 crore. Although the challenge is to get the rest of the minority investors to agree to a strategic acquirer getting control of the hospital chain, the primary stumbling block is differences over valuation.
Source : News reports
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