<p class="title">Fortis Healthcare on Saturday said its shareholders have approved a resolution to acquire assets of RHT Health Trust.</p>.<p class="bodytext">In a regulatory filing, the company said 98.32% of the shareholders who participated in the process voted in favour of the resolution, while 1.67% voted against it.</p>.<p class="bodytext">In February, Fortis Healthcare had entered into definitive agreements to acquire entire portfolio of assets of the Singapore-listed entity for an enterprise value of Rs 4,650 crore.</p>.<p class="bodytext">The assets include 12 clinical establishments, four greenfield establishments and two operating hospitals.</p>.<p class="bodytext">The definitive agreement to acquire all the securities of clinical establishments and businesses indirectly held by RHT follows the approval of Fortis' board in November last year for a major restructuring aimed at consolidating the entire Indian asset portfolio. </p>.<p>On Friday, Fortis said it has appointed Arpwood Capital Private Ltd to advise the board on various sale bids.</p>.<p>The firm will act as financial advisor to the board to provide its independent opinion on the offers received or to be received from bidders for a potential significant equity investment and/or acquisition or restructuring of its assets, and on the appropriateness of the process put into place for dealing with the said offers, the healthcare major said in a regulatory filing.</p>.<p>Arpwood Capital Pvt Ltd is an investment banking firm engaged in providing merger, acquisition and capital raising advisory services.</p>.<p>Fortis Healthcare board is scheduled to meet on May 10 to take a decision on the binding bids for the company as recommended by the expert advisory committee (EAC).</p>.<p>Fortis Healthcare has already received binding offers from four entities - KKR-backed Radiant Life Care, IHH Healthcare, Manipal/TPG consortium, and Munjal and Burman family offices.</p>.<p>The fifth bidder, Fosun Health Holdings, an arm of Fosun International, which made a non-binding proposal to invest a total of $350 million (over Rs 2,295 crore) at a price up to Rs 156 per share, has so far not revised its offer. </p>
<p class="title">Fortis Healthcare on Saturday said its shareholders have approved a resolution to acquire assets of RHT Health Trust.</p>.<p class="bodytext">In a regulatory filing, the company said 98.32% of the shareholders who participated in the process voted in favour of the resolution, while 1.67% voted against it.</p>.<p class="bodytext">In February, Fortis Healthcare had entered into definitive agreements to acquire entire portfolio of assets of the Singapore-listed entity for an enterprise value of Rs 4,650 crore.</p>.<p class="bodytext">The assets include 12 clinical establishments, four greenfield establishments and two operating hospitals.</p>.<p class="bodytext">The definitive agreement to acquire all the securities of clinical establishments and businesses indirectly held by RHT follows the approval of Fortis' board in November last year for a major restructuring aimed at consolidating the entire Indian asset portfolio. </p>.<p>On Friday, Fortis said it has appointed Arpwood Capital Private Ltd to advise the board on various sale bids.</p>.<p>The firm will act as financial advisor to the board to provide its independent opinion on the offers received or to be received from bidders for a potential significant equity investment and/or acquisition or restructuring of its assets, and on the appropriateness of the process put into place for dealing with the said offers, the healthcare major said in a regulatory filing.</p>.<p>Arpwood Capital Pvt Ltd is an investment banking firm engaged in providing merger, acquisition and capital raising advisory services.</p>.<p>Fortis Healthcare board is scheduled to meet on May 10 to take a decision on the binding bids for the company as recommended by the expert advisory committee (EAC).</p>.<p>Fortis Healthcare has already received binding offers from four entities - KKR-backed Radiant Life Care, IHH Healthcare, Manipal/TPG consortium, and Munjal and Burman family offices.</p>.<p>The fifth bidder, Fosun Health Holdings, an arm of Fosun International, which made a non-binding proposal to invest a total of $350 million (over Rs 2,295 crore) at a price up to Rs 156 per share, has so far not revised its offer. </p>