Aggressive advances of Fortis and Impact on Medical Tourism
After buying a part of the Wockhardt hospital chain in India Fortis has agreed to buy a stake in singapore based Parkway holdings worth S$959.4 million ($686 million) .. With this the Fortis shares were bullic in BSE ( Bombay Stock exchange ) and gained a +ve 3.7 % .Though it has gained a mixed reaction across the industry, in my view it certainly is one step ahead in making healthcare Global and Indian brains behind it. Fortis will not only gain access to the 16 hospitals of parkway group of hospitals but also be able to share clinical leadership , no need to mention making the PE ratio better for Fortis share holders.
In this context , The fortis group of hospitals will have an opportunity to share techonology and skills with parkways group of hospitals which are doing well in medical tourism sector.
Replies to This Discussion
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Permalink Reply by Mubbashir on -
Dear Mr Ashok Kumar,
Thanks for publishing this very important information and looks clear, that the global healthcare impact is playing its role. Certainly medical tourism is taking shape as these hospitals converging under one umbrella will make it more accessible for patients around that region to travel to their provider destinations to achieve bigger gains, another trend in medical tourism is taking shape through this sort of M & A.
Best regards,
Mubbashir
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Permalink Reply by Ashok Panda on -
well Dr Mubbashir Iftikhar the buy out is not an M & A , this is just a partial acquisition of stake . This will certainly change the risk bearing pattern for parkway group and better decision making array as more number of matured players will be pitching in.
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