Friday, October 10, 2025

Fortis Healthcare shares in focus after arm inks 15-year lease with RR Lifesciences for 200-bed hospital

Date:

Shares of Fortis Healthcare Ltd. are in focus on Tuesday, September 2, after the company said it’s wholly-owned subsidiary International Hospitality Ltd. has signed a 15-year lease with RR Lifesciences Ltd. for a 200-bed fully-operational multi-specialty hospital in Greater Noida.Fortis will assume complete operational and financial control, allowing it to consolidate the hospital’s performance within its network.

Fortis had been managing the facility under an operation and maintenance (O&M) arrangement since October 2002. The hospital will now operate as Fortis Hospital Greater Noida under the new lease.

The facility is a 1.35 acre UPSIDA-leased land with 2.7 lakh square feet built-up area. It has the potential to expand its capacity by 50 beds, taking the total to 250 beds.The project is strategically located as it is connected by Greater Noida Expressway, Metro (Aqua line), Yamuna Expressway and the Eastern Peripheral Expressway. It is 34 km from the upcoming Jewar International Airport.

“Our focus will remain on delivering high-quality, ethical and patient-centric care while exploring opportunities for further growth,” Fortis Healthcare MD and CEO Ashutosh Raghuvanshi said.

Shares of Fortis Healthcare ended the previous session 1.7% higher at ₹926.7 apiece. The stock has gained 7.5% in the past month, 47.3% in the last six months and 30.8% this year, so far.

Also Read: AXISCADES Technologies wins $1.2 million pilot orders in aircraft cabin interiors

Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

SpiceJet launches special Diwali flights to Ayodhya from Delhi, Bengaluru, Ahmedabad and Hyderabad

SpiceJet on Monday, October 6, said it would launch...

India upgrades technical mission in Kabul to Embassy; Afghanistan invites firms to explore mining

India's External Affairs Minister (EAM) S Jaishankar on Friday,...

Shirish Chandra Murmu takes charge as RBI deputy governor for three-year term

Shirish Chandra Murmu has taken charge as Deputy Governor...