Fortis Healthcare Falls After Hospital Deal — Shares of the Delhi-based hospital chain operator fell as much as 10.58 percent to Rs 127.20 after it reached a deal with Manipal Hospitals to demerge its hospital business.
Fortis Healthcare will demerge its hospitals business into TPG-backed Manipal Hospitals and divest management control of its diagnostics business to the same entity in a two-step deal.
