Fortis Healthcare

start buying hospital shares

Posted by : kukku picks
Price when posted : BSE: Rs 63.70 ( 0.16 % ), NSE: Rs. 63.45 ( -0.16 % )

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yes and nowdays we dont have anything to giver as buy call because we dont have to offload anything,so better to give buy call of hospital stocks in recession. In bull market we will give buy calls of many small caps to offload...

Expansion at 500 mn $

Posted by : rvk41
Price when posted : BSE: Rs 63.60 ( -4.22 % ), NSE: Rs. 63.55 ( -4.65 % )

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Fortis Healthcare, a leading private healthcare operator, has earmarked a fund of around USD 500 million for acquisitions and is soon going to add one more hospital to its kitty.

``The group has earmarked a fund of around half a billion dollar, which would be spent mainly on acquisitions,`` said Fortis Healthcare (Q, N,C,F)* CEO and MD Shivinder Singh. Though he did not identify any target or time limit for the acquisitions.

Earlier, the company had said it is going to acquire one hospital of the size of 100-200 bed.

``We are in advance stage of negotiation for acquiring one more hospital, which the company will announce by mid-December this year,`` Singh said.

Speaking about the size of deal, he said ``we are looking at a price of Rs 5-7.5 million per bed``.

Commenting on the sourcing of the fund, Singh said, it will be through mix of debt and internal accruals.

The company also announced the opening of ``in vitro fertilisation centre`` at its hospital Fortis La Femme in New Delhi.

For information,with regards
rvk41...

new acqusition by Fortis team

Posted by : SouRatta
Price when posted : BSE: Rs 69.85 ( 5.83 % ), NSE: Rs. 70.10 ( 6.37 % )

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Super Religare Labs, promoted by the Singh brothers, has acquired Dubai-based Mena Healthcare for $20 million. Do you think this will further pull the price for Fortis and in next few months it will reach magic figure of 108. Any views!!...

NSE Announcements on Fortis Health

Posted by : MMB Messenger
Price when posted : [Fortis Health - BSE:Rs. 68.15 NSE:Rs. 68.15 when posted]

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Fortis Healthcare Limited has submitted to the Exchange a copy of the Proceedings of the Annual General Meeting of the Company held on September 20, 2008. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...

BSE Announcements on Fortis Health

Posted by : MMB Messenger
Price when posted : [Fortis Health - BSE:Rs. 66.30 NSE:Rs. 66.35 when posted]

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Fortis Healthcare Ltd has informed BSE that the Annual General Meeting (AGM) of the Company was held on September 20, 2008....

Fortis Healthcare plans to add 500 beds in FY09

Posted by : Guest
Price when posted : BSE: Rs 65.80 ( 10.40 % ), NSE: Rs. 66.10 ( 11.09 % )

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Exit from fortis at 65 to 70...

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Fortis Healthcare plans to add 500 beds in FY09

Posted by : simmi123

good luck to you for higher success

Fortis Healthcare plans to add 500 beds in FY09

Posted by : simmi123
Price when posted : BSE: Rs 56.05 ( 4.09 % ), NSE: Rs. 56.10 ( 4.86 % )

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good luck to you for higher success...

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Fortis Healthcare plans to add 500 beds in FY09

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Fortis Healthcare’s Q2 FY09 net profit stood at Rs 10 crore as against a loss of Rs 15 crore in the same period last year. Shivinder Mohan Singh, MD and CEO, Fortis Healthcare, plans to ink some M&A deals this fiscal. The company, Singh said, plans to add 500 beds through organic and inorganic growth.

Fortis Healthcare plans to add 500 beds in FY09

Posted by : baaz
Price when posted : BSE: Rs 56.05 ( 4.09 % ), NSE: Rs. 56.10 ( 4.86 % )

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I just hope that they maintain ethical standards in running these hospitals and not resort to wrong means for the sake of making profits....

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Fortis Healthcare plans to add 500 beds in FY09

Posted by : MMB Messenger

Fortis Healthcare’s Q2 FY09 net profit stood at Rs 10 crore as against a loss of Rs 15 crore in the same period last year. Shivinder Mohan Singh, MD and CEO, Fortis Healthcare, plans to ink some M&A deals this fiscal. The company, Singh said, plans to add 500 beds through organic and inorganic growth.

Fortis Healthcare plans to add 500 beds in FY09

Posted by : MMB Messenger
Price when posted : BSE: Rs 56.05 ( 4.09 % ), NSE: Rs. 56.10 ( 4.86 % )

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Fortis Healthcare’s Q2 FY09 net profit stood at Rs 10 crore as against a loss of Rs 15 crore in the same period last year. Shivinder Mohan Singh, MD and CEO, Fortis Healthcare, plans to ink some M&A deals this fiscal. The company, Singh said, plans to add 500 beds through organic and inorganic growth....

NSE Announcements on Fortis Health

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Price when posted : [Fortis Health - BSE:Rs. 56.05 NSE:Rs. 56.10 when posted]

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Fortis Healthcare Limited has informed the Exchange that the Board of Directors of the Company, at its meeting held on October 29, 2008, have approved/ taken on record, interalia, the following: Resignation of Mr. Sanjeev Vashishta as the Company Secretary and Compliance Officer of the Company, w.e.f. October 29, 2008; and 2) Appointment of Ms. Ruchi Mahajan as the Company Secretary and Compliance Officer of the Company, w.e.f. October 29, 2008....

NSE Announcements on Fortis Health

Posted by : MMB Messenger
Price when posted : [Fortis Health - BSE:Rs. 56.50 NSE:Rs. 57.20 when posted]

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Fortis Healthcare Limited has informed the Exchange vide notes to Accounts in the Unaudited Financial Results for the quarter ended September 30, 2008 (taken on record by the Board of Directors of the Company at its meeting held on October 29, 2008) regarding the funds utilization out of Initial Public Offer (IPO) proceeds as at the end of September 30, 2008. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...

BSE Announcements on Fortis Health

Posted by : MMB Messenger
Price when posted : [Fortis Health - BSE:Rs. 57.70 NSE:Rs. 53.65 when posted]

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Fortis Healthcare Ltd has informed BSE about the Standalone & Consolidated unaudited financial results for the Quarter & Half Year ended Sep 30, 2008....

Shivinder Singh's three-point strategy to grow Fortis

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Price when posted : BSE: Rs 53.65 ( -13.33 % ), NSE: Rs. 53.70 ( -13.11 % )

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Shivinder Singh’s world revolves around Fortis, India’s second largest private healthcare chain. For him, Fortis is a healing passion. The second son of Dr Parvinder Singh, the man who grew Ranbaxy into India’s largest pharmaceutical company, knew early on that he wanted to carve a separate niche. ...

NSE Announcements on Fortis Health

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Price when posted : [Fortis Health - BSE:Rs. 54.75 NSE:Rs. 55.25 when posted]

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Fortis Healthcare Limited has informed the Exchange that "As per the terms of issue of the captioned Preference Shares issued by the Company on 19th October 07 the Company had in its Meeting of Committee of Directors, held on today, i.e. 18th October 2008, redeemed first tranch of 1,15,00,000 (One Crore Fifteen Lacs) Zero Percent Class C Cumulative Redeemable Preference Shares of Rs. 10/- each. The aforesaid redemption was made out of the proceeds of fresh issue of 14,50,000 (Fourteen Lacs Fifty Thousand) Preference Shares @ Rs. 10/- each of the same class"....