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Fortis Healthcare
BSE: 532843|NSE: FORTIS|ISIN: INE061F01013|SECTOR: Hospitals & Medical Services
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Company History - Fortis Healthcare
The registered office of the Company was initially situated at 25,
 Nehru 
 Place, New Delhi 110 019, India. Pursuant to a Board resolution dated
 
 September 16, 2003 the registered office was shifted to B- 9,
 Maharani 
 Bagh, New Delhi 110 065, India. Subsequently, pursuant to Board 
 resolution dated February 10, 2006 the registered office of the
 Company 
 was shifted to Piccadily House, 275- 276, 4th Floor, Captain Gaur
 Marg, 
 Srinivas Puri, New Delhi 110 065, India, which is the current
 Registered
 Office.
 
 Scheme of merger/amalgamation between Fortis Medical Centre 
 Holdings Limited and the Company dated October 7, 2005:
 
 The High Court of Delhi, through its order dated October 7, 2005 in
 respect 
 of the company petition (C.P. No: 240/2005 and 241/2005) approved the
 
 scheme of amalgamation/merger between the Company and Fortis Medical
 
 Centre Holdings Limited (FMCHL), and which at the time of
 amalgamation 
 was our board controlled subsidiary, with effect from April 1, 2004
 (Scheme).
 
 Salient features of the Scheme:
 
 The principal terms of the Scheme, as sanctioned by the High Court of
 Delhi, 
 are set forth below: The entire undertaking and business, all
 properties, tangible 
 and intangible assets including trademarks, patents, design,
 copyrights, 
 investments, approvals, licenses, tax benefits, pending projects,
 debts, liabilities 
 and obligations, including income tax liabilities accrued or to
 accrue in FMCHL 
 was transferred to the Company with effect from April 1, 2004.
 Pursuant to 
 the Scheme, Fortis Hospital, Amritsar was transferred to the Company.
 However, 
 the transfer of the aforesaid was subject to the existing charges or
 hypothecation 
 in respect of the assets of FMCHL.
 
 All the staff, workmen and employees of FMCHL in employment on the
 date 
 immediately preceding December 23, 2005 (i.e., the date on which a
 certified copy 
 of the order of the High Court of Delhi was filed with the RoC)
 became the 
 employees of the Company without any break or discontinuity in
 service and on 
 conditions not less favourable than those subsisting at FMCHL.
 
 In consideration of the transfer and vesting of the undertaking and
 the assets and 
 liabilities of FMCHL and in consideration of the mutual covenants
 agreed to in the 
 Scheme, the Company agreed to allot the Equity Shares to the existing
 shareholders 
 of FMCHL, in the ratio of 1:4 (i.e., one Equity Share in exchange of
 every four 
 equity shares of FMCHL of Rs. 10 each).
 
 In compliance with the Scheme, the Company allotted 520,000 Equity
 Shares to 
 the shareholders of erstwhile FMCHL on February 10, 2006.
 
 Major Events:
 
 Year Event
 
 June 2001          Commissioning of Fortis Hospital, Mohali.
 August 2003       Inauguration and commissioning of Fortis Hospital,
 Amritsar.
 October 2003     Executed an agreement with Seth Jessa Ram and Bros
 Charitable  
                         Hospital Trust for the operation and
 management of Jessa Ram 
                         Hospital, New Delhi.
 August 200       Commissioning of Fortis Hospital, Noida.
 September 2005 Acquired 90% of the equity share capital of Escorts
 Heart 
                         Institute and Research Centre Limited
 resulting in the acquisition of 
                         EHCL, EHSSIL, EHSSHL and EHRCL.
 October 2005    Signed an agreement with Jeewan Mala Hospital Private
 Limited for 
                         the operation and maintenance of Jeewan Mala
 Hospital, New Delhi.
 January 2006    Signed an agreement with Sunrise Medicare Private
 Limited for the 
                        operation and management of Fortis La Femme,
 New Delhi, and 
                        acquisition of 5% equity interest in Sunrise
 Medicare Private Limited, 
                        with an option to acquire additional equity
 shares.
 January 2006    Signed an agreement with Khalil Public Welfare Trust
 for the 
                        operation and maintenance of Khyber Medical
 Institute, Srinagar.
 March 2006     Acquired 99.99% of the paid up equity share capital of
 International 
                       Hospital Limited resulting in the acquisition
 of Fortis Hospital, Noida.
 March 2006     Acquired 100.00% of the paid up equity share capital
 of Oscar 
                       Bio-Tech Private Limited. 
 
 2004
 
 -Fortis inks deal with Jessa Ram Hospital to takeover the management
 of the hospital
 
 2005
 
 -Fortis Hospital rolls out Golden Age Club
 
 -Fortis buys Escorts Heart
 
 -Fortis Healthcare signs .33m pre-IPO deals
 
 The Company was incorporated on February 28, 1996 as Rancare Limited
 
 under the Companies Act. Subsequently on June 20, 1996 our name was 
 changed to our present name-Fortis Healthcare Limited. The Company 
 received the certificate of commencement of business on July 1,
 1996.
 
 2006
 
 -Fortis Healthcare to buy majority stake in Trehan`s Medicity
 
 -Fortis Healthcare signs .33m pre-IPO deals
 
 2007
 
 -Fortis HealthWorld has joined hands with US hearing aid maker
 Starkey for its Audible range and is looking to soon offer dental
 services at its Health stores too.
 
 -Colgate-Palmolive India, the market leader in toothpaste in India,
 declared the acquisition of three domestic companies in south India
 recently. The company purchased 75 per cent equity in Advanced Oral
 Care Products (Goa), Professional Oral Care Products (Goa) and SS
 Oral Hygiene Products (Hyderabad).
 
 -Fortis Healthcare acquires Hiranandani Hospital
 
 2008
 
 -Fortis Healthcare Ltd has informed that the Board of Directors of
 the Company at its meeting held on January 23, 2008, inter alia, has
 approved change in registered office of the Company from Piccadily
 House, 275-276, 4th Floor, Captain Gaur Marg, Srinivas Puri, New
 Delhi - 110065 to Escorts Health Institute And Research Centre, Okhla
 Road, New Delhi - 110025.
 
 2009
 
 -Fortis completes Wockhardt Hospital Acquisition
 
 -Fortis signs  mn outsourcing deal with HCL
 
 -Fortis Healthcare Ltd Issues Rights in the Ratio of 2:5
 
 2010
 
 - 25% stake in Parkway holdings, Asia’s largest private healthcare
 provider.
 
 -  Fortis Healthcare infuses USD 100 Million.
 
 - Fortis increases stake in Parkway.
 
 - Government of Singapore Investment Corp (GIC)  to join hands with
 Fortis at strategic level.
 
 - Fortis Healthcare has entered into a pact with two hospitals in
 Dubai and Tanzania to set up specialised medical facilities.
 
 - Company has announced its foray into Speciality Medical Centres
 focused on the management of diabetes, metabolic diseases and
 endocrinology.
 
 
 2011
 
 - A Memorandum of Understanding has been signed by Fortis Healthcare
 Ltd with the University of Utah to develop courses for Emergency
 Medical Technicians.
 
 - Through its wholly owned subsidiary, has entered into an agreement
 with Cauvery Hospital Limited, Mysore, wherein Fortis will set up,
 operate and manage a Cardiac Centre in the hospital.
 
 - The name of Fortis Healthcare Limited shall be changed to Fortis
 Healthcare (India) Limited w.e.f. April 11, 2011.
 
 - Fortis Healthcare ties up with TotipotentRX to set up Stem Cell
 Therapy Centres.
 
 - Fortis Healthcare (India) Ltd has announced that it will buy 86 per
 cent stake in Super Religare Laboratories Ltd (SRL) .
 
 - Fortis Healt - Fortis announces new hospitals in Hyderabad and
 Agra.
 
 
 2012
 
 - Fortis to get Rs. 3700 Mn Equity infusion in SRL through IFC and
 NYLIM Jacob Ballas India.
 
 - Fortis Healthcare raises around S0 mn through Singapore IPO.
 
 -Company has changed its name from Fortis Healthcare (India) Ltd. to
 Fortis Healthcare Ltd.                                               
      
                                             
 
 
Source : Dion Global Solutions Limited
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