New Delhi: Fortis Healthcare Ltd has announced an investment of about ₹840 crore to strengthen its presence in Bengaluru, including the acquisition of the 125-bedded People Tree Hospital, Yeshwanthpur, as it doubles down on a cluster-based expansion strategy in key urban markets.
In a regulatory filing, the company said its wholly owned subsidiary, International Hospital Ltd (IHL), has signed definitive agreements to acquire 100% of TMI Healthcare Pvt Ltd, which operates People Tree Hospital Yeshwanthpur, along with the hospital building, underlying land and an adjacent land parcel, for a cumulative transaction value of ₹430 crore, including debt.
Fortis plans to invest an additional ₹410 crore over the next three years to expand bed capacity at the facility to over 300 beds and upgrade medical infrastructure, equipment and clinical programmes, including radiation oncology. The hospital currently generates revenues of about ₹74 crore annually and is expected to benefit from operational efficiencies and scale once integrated into the Fortis network.
Located in Yeshwanthpur in north-west Bengaluru, the NABH-accredited multi-specialty hospital offers services across cardiac sciences, orthopaedics, neurosciences, renal sciences and gastroenterology. The acquisition strengthens Fortis’ Bengaluru cluster, where it already operates seven facilities and plans to scale capacity from around 900 beds to over 1,500 beds over the next three years.
The transaction is expected to be completed by the end of January 2026, subject to customary approvals and closing conditions. Fortis said the deal is strategically important as it deepens its presence in one of India’s fastest-growing healthcare markets while supporting long-term growth in revenues and profitability.