Fortis Global Healthcare has made its first foray in Singapore by acquiring an under construction specialised cancer hospital in the prime Adam Road area from First Real Estate Investment Trust.

Fortis Healthcare group which has, within its fold, a 50 hospital network in India, aims to complete the construction of the hospital by the second quarter of 2012.The hospital plan is being redesigned to incorporate the needs of the patients and the medical fraternity in Singapore.

The speciality focussed healthcare group has an experience of multiple healthcare delivery models, including day care speciality surgical centres and is recognised for its patient centred approach. The hospital would incorporate a new generation critical and intensive care service. Ideally located, this would be the first hospital around the Adam Road area.

“Through this hospital, we are making a beginning in the highly recognized and competent healthcare delivery system of Singapore. Our group incorporates more than 25 yrs of experience in healthcare delivery and this hospital would benefit from that experience, to meet patient expectations in Singapore. We will continue to look for opportunities to further expand our presence in the region,” said Malvinder Singh, executive chairman, Fortis Global Healthcare. The Hospital has been acquired for a consideration of SGD $ 33mn.

Fortis’ latest acquisition, in five months, marks an important step in achieving the Singh family’s vision of creating a premier integrated healthcare delivery system in Asia and Australia region. In November 2010, Fortis Global Healthcare completed the acquisition of Quality Healthcare Ltd, the largest Primary Healthcare Network in Hong Kong and later in January 2011, the company acquired a significant stake in Dental Corporation, Australia’s largest dentistry network.

Over the last decade, Fortis Healthcare group has evolved as a front runner in healthcare delivery, not only in the Indian subcontinent but also amongst patients from 33 different countries including US and Europe, who access Fortis; speciality healthcare services.

Fortis Global Healthcare is building an integrated healthcare business across all healthcare delivery verticals including diagnostics, primary care and speciality hospitals across various geographical regions.

First Real Estate Investment Trust is a Singapore listed real estate company with a diversified portfolio of income producing real estate assets that are primarily used for healthcare or healthcare related purposes.