Fortis Healthcare Limited
The Indian health-tech market is expected to grow at a CAGR of 39% and touch US$ 50 billion by 2033.
Fortis Healthcare Limited is an integrated healthcare delivery service provider. The company is engaged in establishing, maintaining, operating, running, managing or administering hospitals, Medicare, healthcare, diagnostic, health aids and research centres. The company operates through the Clinical Establishments Division and the Medical Services Division. The Clinical Establishments Division owns, maintains and operates clinical establishments (being fully air-conditioned institutions established, and specifically customized and duly fitted with all fixtures, fittings, certain medical equipment and infrastructure required for running and operating the hospitals), as well as provides services under outpatient division and radio-diagnostic services. The Medical Services Division undertakes the business of running hospital operations, including in-patient services and emergency services. The company operates its healthcare delivery services in India, Dubai, and Sri Lanka.
- 36 healthcare facilities
- ~4,300 beds
- 415 diagnostic centres
- Total revenue of Rs. 633 crore (US$ 76.2 million) till the fourth quarter of FY23
- Fortis Memorial Research Institute (FMRI) ranked 2nd in a study of 30 most technologically advanced hospitals in the world by topmastersinhealthcare.com
Fortis Healthcare Limited
| Year | Milestone |
|---|---|
| 2023 |
Fortis Healthcare plans to add 1,400 more Brownfield beds in the next three years. Despite the increased number of Covid cases, the hospital chain's debt position has improved, and business activity is still on track. In April 2023, Fortis acquires Gurugram-based Medeor Hospital for US$ 27.37 million (Rs. 225 crore). |
| 2022 |
In October 2022, to celebrate breast cancer survivors and raise awareness about the disease's prevention and early diagnosis, Fortis Hospital Noida planned a special support group activity. In February 2022, Fortis Healthcare launched a state-of-the-art Hepato-Pancreatic-Biliary and Liver transplant centre in Fortis Vadapalani, Chennai. In February 2022, the Fortis Hospital in Shalimar Bagh launched a state-of-the-art mother and childcare wing which would help the hospital cater to the requirements of mother and child health. |
| 2021 |
In March 2021, Fortis started the COVID-19 vaccination drive at its nine hospitals across the country |
| 2020 |
Fortis introduced online consultation for patients in 23 hospitals across its network in India |
| 2018 |
Manipal Health Enterprises Pvt Ltd and Texas Pacific Group Capital acquired Fortis Healthcare Limited. |
| 2016 |
Fortis Healthcare the first in India to monitor and publish clinical outcomes for cardiology |
| 2014 |
Fortis launched state-of-the-art multi super-specialty hospital in Ludhiana |
| 2013 |
Fortis launches its Flagship Hospital; one of the first of its kind in Asia to bridge the gap for expert talent, trans-disciplinary, quaternary care. |
| 2010 |
Company has announced its foray into speciality medical centres focused on the management of diabetes, metabolic diseases and endocrinology. |
| 2004 |
Fortis inks deal with Jessa Ram Hospital to take over the management of the hospital. |
| 2003 |
Inauguration and commissioning of Fortis Hospital, Amritsar. |
| 2001 |
Commissioning of Fortis Hospital, Mohali. |
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