HomeMarket NewsFortis Healthcare shares get an upgrade from JM Financial after ₹840 crore Bengaluru acquisition
Based on the hospital’s current annual revenue of around ₹74 crore in FY25, Fortis believes there is a major scope to scale operations, improve profitability, and support future expansion plans.
By CNBCTV18.com December 22, 2025, 9: 27: 06 AM IST (Updated)
Fortis Healthcare Ltd. has signed definitive agreements to acquire the 125 bedded People Tree Hospital in Yeshwanthpur, Bengaluru, through a 100% acquisition of TMI Healthcare, the entity that owns and operates the hospital. The stock gained in response to the deal on Monday, December 22.
The acquisition will be undertaken by Fortis Healthcare’s wholly-owned subsidiary, International Hospital Ltd. As part of the composite transaction, International Hospital will also acquire the hospital building and the underlying land from the promoters of TMI Healthcare, along with an adjacent land parcel from an independent third party.
The total transaction value stands at ₹430 crore, including the debt on TMI Healthcare, and will be subject to customary closing adjustments as agreed in the definitive agreements.
People Tree Hospital is a NABH accredited multi specialty hospital located in Yeshwanthpur in north west Bengaluru.
The facility is situated in a dense residential catchment with growing commercial hubs nearby and has strong connectivity to major transport corridors. It offers key specialties including cardiac sciences, orthopedics, neuro sciences, renal sciences, and g