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Fortis denies report on Wockhardt Hospitals

Fortis denies report on Wockhardt Hospitals
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First Published: Thu, Apr 02 2009. 10 23 PM IST
Updated: Thu, Apr 02 2009. 10 23 PM IST
New Delhi: Fortis Healthcare Ltd said that a report that it may buy a stake in Wockhardt Hospitals Ltd was speculative and it hasn’t agreed to purchase any company.
Fortis is evaluating acquisition opportunities to expand its network of hospitals, the New Delhi-based company said in a statement to the Bombay Stock Exchange today.
‘The Economic Times’ reported on 31 March that Fortis may purchase as much as 74% of Wockhardt Hospitals for about Rs750 crore.
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First Published: Thu, Apr 02 2009. 10 23 PM IST