Fortis reports 982% increase in net profit at Rs 10.06cr Nov 2, 2008
Malar Hospital, a recent addition to the network in South India, has also shown a spectacular growth in revenues and profits. The hospital is on track to start high end cardiac and neurosciences programmes while at the same time strengthening the existing orthopedics and obstetrics programmes. (Moneycontrol.com)
1000 Haj Pilgrims Vaccinated in Mangalore Oct 26, 2008
Yenepoya Mohammed Kunhi, Aziz Malar and Ibrahim Bava were present. The organisers informed that a special training for Haj pilgrims will be conducted at Zeenath Baksh Yathim Khana at Bunder on October 28. (Daijiworld.com)
Fortis looks at 100-200 bed hospital Aug 26, 2008
Last September, it acquired Chennai-based Malar Hospital Ltd for around Rs 40 crore. Fortis, which posted its first-ever quarterly profit in the April-June quarter, would have full-year EBITDA margins of at least' 16%, Singh said. (India Times, India -- Intl Business)
The billion-dollar malaria moment Feb 28, 2008
Mark Grabowsky is at the Global Fund to Fight AIDS, Tuberculosis and Malaria, 8 Chemin de Blandonnet, 1214 Vernier, Geneva, Switzerland ... For years the global malaria effort has been asking for more resources ... The doctor responded that if there was also a campaign that controlled malaria he could "close the entire hospital". (Nature News Service)
Healthcare does not promise good returns Nov 16, 2007
Our hospitals in Jaipur (Escorts Hospital) and Chennai (Malar Hospital) became operational recently. The revenue from the 300 beds added through these hospitals is beginning to trickle in. (Business Standard)
Fortis to buy 48% stake in Malar Hospital Sep 8, 2007
NEW DELHI: The Fortis group is acquiring 48% stake in Chennai-based Malar Hospital for around Rs 42 crore ... Shivinder Mohan Singh CEO and MD, Fortis Healthcare told newspersons here on Friday, "Malar Hospital is well established in Chennai with a strong brand equity and is centrally located. We will follow the same strategy in Chennai of setting up hubs and spoke hospitals as we have done in Delhi" ... Additionally, International Hospital along with Oscar Investments will inject Rs 14 crore as... (India Times, India -- Intl Business)
Fortis to take 46% stake in Malar Hospital for Rs 26 cr Sep 8, 2007
NEW DELHI/CHENNAI: Hospital chain Fortis Healthcare is making its entry into South India by taking over Chennai-based Malar Hospital through its wholly-owned subsidiary International Hospital Ltd (IHL) in association with Ranbaxy group company Oscar Investments ... 76 crore for buying a 28% stake from the promoters of the 180-bed multi-speciality Malar Hospital, thereby valuing the company at Rs 42 crore ... Fortis will also make an open offer for purchasing additional 20% equity from Malars... (India Times)
Fortis Healthcare buys into Malar Hospitals Sep 8, 2007
CHENNAI: The International Hospital Ltd. (IHL), a wholly owned subsidiary of Fortis Healthcare Ltd of the Ranbaxy group, along with Oscar Investments Ltd., has entered into an agreement to buy equity shares of Malar Hospitals. In a notification to the Bombay Stock Exchange, Fortis has informed that its subsidiary IHL and Oscar Investments would together acquire 39 lakh equity shares from the promoters of Malar Hospitals ... As a result, Fortis Health s stake in Malar Hospitals will go up to 53. (Hindu)
Fortis buys stake in Chennai`s Malar Hospitals Sep 8, 2007
Fortis buys stake in Malar Hospitals ... Fortis buys stake in Malar Hospitals ... Fortis Healthcare Limited, the countrys second-biggest health-care provider by market value, is buying Malar Hospital in Chennai, expanding into the southern part of the country for the first time. (Business Standard)
