Fortis Global Healthcare Holdings has acquired 28.6 per cent in Lanka Hospitals Corporation Plc (“Lanka Hospitals”), a leading Colombo listed Sri Lankan hospital. This marks the entry of Fortis Global in Sri Lanka one of Asia's fastest growing economies.

Lanka Hospitals is a renowned tertiary care healthcare delivery provider and currently one of the largest hospital groups in Sri Lanka. The hospital specialises in cardiology and cardiac surgery, neuro-sciences, orthopaedics and complex urology/nephrology procedures. The 350 bed hospital is majority owned by Sri Lanka Insurance Corporation, a Government of Sri Lanka company.

The acquisition is in line with Fortis Global Healthcare’s vision of creating a Pan Asia healthcare platform and provides an access to one of the fastest growing economies in Asia.

Fortis Global Healthcare’s latest acquisition, the fourth in five months, marks an important step in achieving the Singh family’s vision of creating a premier global healthcare group outside India. In the last four months, Fortis has acquired the largest private primary care company Hong Kong, Invested in the largest dental care company in Australia and announced the acquisition of a cancer speciality hospital project in Singapore.

Fortis Global Healthcare is spearheading the creation of a global integrated healthcare platform. It intends to build and aggregate healthcare businesses and assets across all healthcare segments including diagnostics, primary care and hospitals. The objective is to create an integrated healthcare business, leveraging of synergies and scale, driven by quality medical professionals and infrastructure and providing patient-centric care and healing.

Malvinder Mohan Singh, executive chairman, Fortis Global Healthcare, said, “Lanka Hospitals is the first step for Fortis Global to build its healthcare business interest in one of the fastest growing economies in Asia. It is one of the most advanced and comprehensive healthcare facility in Sri Lanka. We believe there are tremendous opportunities for the hospital’s expansion and we will support the company’s management in realising such growth.”

In addition to Fortis Global Healthcare, the family also owns a majority stake in the Indian-listed Fortis Healthcare Limited, a leading hospital chain in India.