Fortis Healthcare buys Bengaluru's Suguna Hospital for about Rs 277 crore

Fortis Healthcare said in a filing with the National Stock Exchange that its wholly-owned subsidiary, International Hospital Limited, has acquired the business and operations of Suguna Hospital in Rajajinagar, Bengaluru, together with the hospital's land and building. The company put the cumulative transaction value at about Rs 277 crore, paid in cash. The deal was signed and completed on 28 October 2026.

What Happened

According to the filing, International Hospital Limited signed two documents at 6:42 pm on 28 October 2026. One is a business transfer agreement for the entire business and operations of Suguna Ramaiah Hospitals Private Limited. The other is a sale deed for the land and building on Dr. Rajkumar Road, Rajajinagar, bought from one of the promoters of Suguna. The filing says the transaction was completed the same day under the closing conditions of those documents.

The business is being bought on a slump sale basis, which means the whole business is sold for a single price rather than asset by asset. The acquisition does not involve buying shares, so no shareholding percentage is acquired.

The filing says the transaction is not a related-party transaction and lists governmental or regulatory approvals as not applicable.

The filing describes Suguna Hospital as a multispeciality tertiary-care hospital commissioned in 2006 on about one acre, with 110 operational beds and room for roughly 40 more. Its revenue from operations was about Rs 49.05 crore in FY24, about Rs 49.90 crore in FY25 and about Rs 49.80 crore in FY26.

Fortis said the deal fits its cluster-focused growth strategy and adds to its presence in North-West Bengaluru. Its press release says Fortis now has about 1,000 operational beds in the city, including facilities it runs under operation and maintenance arrangements.

What It Means

For patients in the area, the filing says the hospital will come under the Fortis group, which plans to invest in upgrading medical infrastructure, expanding clinical programmes and adding beds. It does not say when any of this will happen, or whether services or charges at the hospital will change.

The figures here are the company's own disclosure of a completed transaction. Readers can read the full details in the company's filing with the National Stock Exchange.

Source: Company filing on NSE