Keep INVESTING Simple and Safe (KISS) ****Investment Philosophy, Strategy and various Valuation Methods**** The same forces that bring risk into investing in the stock market also make possible the large gains many investors enjoy. It’s true that the fluctuations in the market make for losses as well as gains but if you have a proven strategy and stick with it over the long term you will be a winner!****Warren Buffett: Rule No. 1 - Never lose money. Rule No. 2 - Never forget Rule No. 1.
▼
Monday, 15 March 2010
India’s Fortis Healthcare to acquire 24% stake in Parkway Holdings for $959m
India’s Fortis Healthcare to acquire 24% stake in Parkway Holdings for $959m
WRITTEN BY THE EDGE
THURSDAY, 11 MARCH 2010 18:28
Fortis Healthcare, India’s fastest-growing healthcare company, has announced the acquisition of a 23.9% strategic stake in healthcare service provider Parkway Holdings from TPG Capital (formerly Texas Pacific Group).
Parkway has a network of 16 hospitals having 3,400 beds spread over six countries, including India. The deal size is estimated to be about US$685.3 million ($959.4 million).
Fortis has entered into a definitive agreement with TPG Capital, one of the world’s leading private investment firms, to acquire its 23.9% stake in Parkway.
Fortis intends to seek four seats on the board of directors of Parkway and also to nominate Malvinder Mohan Singh (current Chairman of Fortis Healthcare) as the Chairman of the Board of Directors of Parkway.
http://www.theedgesingapore.com/the-daily-edge/business/13410-indias-fortis-healthcare-to-acquire-24-stake-in-parkway-holdings-for-959m.html
No comments:
Post a Comment