Fortis's Acquisition of Wockhardt Hospitals
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Case Details:
Case Code : BSTR357
Case Length : 17 Pages
Period : 2008-2009
Pub Date : 2010
Teaching Note :Not Available
Organization : Fortis Healthcare Ltd. / Wockhardt Hospitals Group
Industry : Healthcare / Hospitals
Countries : India
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This case study was compiled from published sources, and is intended to be used as a basis for class discussion. It is not intended to illustrate either effective or ineffective handling of a management situation. Nor is it a primary information source.
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Fortis Gains a Pan-India Presence Contd...
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Commenting on the deal, Malvinder Mohan Singh (Singh), Group Chairman, Fortis and Religare Enterprises Limited8, said,
"This landmark deal is an important milestone in the history of Indian healthcare as it brings together two leading brands to create a national healthcare delivery network.
This partnership will enable the vast pool of medical talent and quality
healthcare infrastructure under the Fortis network to deliver a superior value
proposition to the citizens of our country!"9 The acquisition was described by experts as the biggest in the Indian healthcare industry. The acquisition was expected to benefit both Fortis and Wockhardt Hospitals.
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Besides expanding its network of hospitals, Fortis would have a presence in the southern, eastern, and western states of India thereby fortifying its position as one of the leading healthcare providers in India...
Excerpts
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