New Delhi: Fortis Healthcare Limited has announced the acquisition of the 125-bedded People Tree Hospital in Yeshwanthpur, Bengaluru, as part of its cluster-focused expansion strategy in the city. The total investment for the transaction and planned expansion is estimated at approximately Rs.840 crore.
The acquisition involves a 100 per cent purchase of TMI Healthcare Private Limited, which operates People Tree Hospital Yeshwanthpur, through Fortis’ wholly owned subsidiary, International Hospital Limited. As part of the composite transaction, Fortis will also acquire the hospital building, underlying land, and an adjacent land parcel, for a cumulative consideration of ₹430 crore, including existing debt.
Located in North-West Bengaluru, People Tree Hospital Yeshwanthpur is a NABH-accredited, multi-specialty facility offering services across cardiac sciences, orthopedics, neurosciences, renal sciences and gastroenterology. The hospital currently operates 125 beds and reported revenues of approximately ₹74 crore in FY25.
The acquisition of an additional 0.8-acre land parcel provides scope to expand the facility to over 300 beds. Fortis plans to invest a further ₹410 crore over the next three years to augment bed capacity, upgrade medical equipment and introduce additional clinical programs, including radiation oncology.
The transaction is expected to close by the end of January 2026, subject to the fulfilment of customary conditions precedent.
With this acquisition, Fortis aims to strengthen its presence in Bengaluru, where it currently operates seven facilities, including O&M hospitals. The company plans to scale its bed capacity in the city from about 900 beds at present to over 1,500 beds over the next three years.
Fortis Healthcare operates 33 healthcare facilities across 11 states, with a network of approximately 5,800 operational beds, including O&M beds, and over 400 diagnostics laboratories.
