PETALING JAYA: IHH Healthcare Bhd
has taken the market by surprise following a report that it is planning an offer of up to US$1.3bil (RM5.04bil) to take over India’s second-largest hospital chain, Fortis Healthcare Ltd.
This came a day after TPG-backed Manipal Health Enterprises Pvt on Tuesday raised its offer for the hospital business of Fortis to 155 rupees (RM9.195) per share from 140 rupees apiece previously.
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