Quality HealthCare Asia 0593

[winston]

Healthy takeover

The controlling shareholders of Indian hospital chain Fortis Healthcare have agreed to buy the health-care assets of Hong Kong- based Quality HealthCare Asia (0593) for HK$1.52 billion.

Seeking to build an international business, New Delhi- based Fortis Healthcare fell short in its bid earlier this year to take control of Singapore-based hospital chain Parkway Holdings.

In addition to the HK$1.52 billion in cash, Fortis Global Healthcare will provide HK$20 million in base working capital.


http://www.thestandard.com.hk/news_deta ... 01011&fc=1