Fortis Healthcare acquires People Tree Hospital; to invest ₹840 crore in Bengaluru expansion.

Fortis Healthcare Ltd recently said it has signed definitive agreements to acquire People Tree Hospital, Yeshwanthpur, a 125-bed multi-specialty facility in Bengaluru, for a total transaction value of ₹430 crore, including debt.

The acquisition will be carried out through International Hospital Ltd (IHL), a wholly owned subsidiary of Fortis Healthcare, by way of a 100 per cent acquisition of TMI Healthcare Pvt Ltd, the company that operates People Tree Hospital.

As part of the composite transaction, IHL will also acquire the hospital building and the underlying land from the promoters of TMI Healthcare. In addition, Fortis will purchase an adjacent land parcel measuring around 0.8 acres from a third party.

The company said the transaction is subject to customary closing adjustments and regulatory approvals and is expected to be completed by the end of January 2026.