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FORTIS HEALTH

Fortis Healthcare Ltd is one of the largest private healthcare companies in India. Thecompany is having a network of 28 Hospitals, Satellite Centers and Heart Command

Centres with about 3300 beds capacity. These hospitals include multi-specialty hospitals

as well as super-specialty centers providing tertiary and quaternary healthcare to patientsin areas such as cardiac care, orthopedics, neurosciences, oncology, renal care,

gastroenterology and mother and child care. They are delivering quality healthcare

services to our patients in modern facilities using advanced technology.

Fortis Healthcare Ltd was incorporated on February 28, 1996. The company commenced

their commercial operation by setting up the Fortis Heart Institute and Multi-Speciality

Hospital at Mohali in the year 2001. In December 2002, International Hospital Ltdbecame a board controlled subsidiary of the company.

In August 2003, Fortis Hospital in Amristar was inaugurated. In October 2003, the

company executed an agreement with Seth Jessa Ram and Bros Charitable Hospital Trustfor the operation and management of Jessa Ram Hospital, New Delhi and Fortis Hospital

in Noida was commissioned in August 2004.

In September 28, 2005, the company acquired 90% interest in Escorts Heart Institute &

Research Centre Ltd that owns and operates three hospitals in north India and operates a

fourth hospital in collaboration with the Government of Chhattisgarh.

In January 2006, the company signed an agreement with Sunrise Medicare Private Ltd for

the operation and management of Fortis La Femme, New Delhi. They also signed andagreement with Khalil Public Welfare Trust for the operation and maintenance of Khyber

Medical Institute, Srinagar. In March 20, 2006, the company acquired 99.86% interest inInternational Hospital Ltd and 100% interest Oscar Bio-Tech Private Ltd from thePromoter Group for total consideration of Rs 301.5 million and Rs 30.5 million

respectively.

In February 14, 2007, the company acquired 100% interest in Hiranandani Healthcare Pvt

Ltd for consideration of Rs 10 million. Hiranandani Healthcare Pvt Ltd had an agreement

with Navi Mumbai Municipal Corporation to develop a super-specialty hospital in West

India.

During the year 2007-08, the company successfully completed an initial public offer of

45,996,439 equity share of Rs 10 each at a premium of Rs 96 per share. InternationalHospital Ltd and Oscar Investments Ltd acquired 48.83% and 13.34% stake respectively

in Malar Hospitals Ltd for a total consideration of approx Rs 35 crore. Also, they

launched Fortis Escorts Hospital in Jaipur, which focus on Cardiac Sciences, NeuroSciences, Renal Sciences and Gastrointestinal diseases.

During the year 2008-09, Fortis Healthcare International Limited (FHIL) was

incorporated as a wholly owned step-down subsidiary of the company. Through this

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subsidiary, the company acquired 28.89% stake in Medical and Surgical Centre Ltd, a

company that owns Mauritius's largest private hospital 'Clinique Darne' which was

rechristened as 'Fortis Clinique Darne'.

In January 2009, the company became a majority stake holder in Lalitha Healthcare Pvt

Ltd, Bangalore consequent to conversion of preference capital and fresh infusion ofequity capital and the subsidiary company was renamed as Fortis Hospital,

Seshadripuram.

In June 18, 2009, the company incorporated a wholly owned subsidiary viz. Fortis

Hospitals Ltd. The a main objects the subsidiary includes purchase, lease or otherwise

acquire, establish, maintain, operate, run, manage or administer hospitals, medicare,

healthcare, diagnostic, health aids and research centre.

In August 24, 2009, the company through a wholly owned subsidiary, Fortis Hospitals

Ltd entered into a 'Business Transfer Agreement' with Wockhardt Hospitals Ltd for

acquisition of 10 Hospitals (including two under construction) for an aggregate sum ofRs. 90,900 lakh. They completed the acquisition of 10 Hospitals (including 2 under

construction) together with the acquisition of 10,250 equity shares of Kanishka HousingDevelopment Company Ltd on December 17, 2009 from Wockhardt Hospitals Ltd, on a

going concern basis.

International Hospital Ltd, a wholly owned subsidiary of the company increased theirshareholding from 49.86% to 50.02% in the equity share capital of Malar Hospitals Ltd

(MHL) by purchase of 30,000 equity shares of MHL from open market, thereby making

MHL as a subsidiary International Hospital Ltd with effect from October 01, 2009.

In March 11, 2010, the company entered into a definite agreement with TPG Capital, one

of the leading private investment firms for acquiring the 23.9% stake in ParkwayHoldings Ltd, Singapore, one of the Asia's healthcare service provider.

The new Greenfield hospital in Shalimar Bagh in Northwest Delhi is under progress andis expected to be launched during the financial year 2009-10. Further, the construction of

Fortis International Institute of Bio-Medical Sciences (FIIBMS), which is being built in

Gurgaon, is also under progress abd expected to be completed during the year 2009-10.

This will be the company's third Greenfield hospital in the NCR and will be the premiummulti super-specialty flagship hospital of the company.

The Company intends growing in an aggressive manner to have a pan India presence withbed strength of 6000 through 40 hospitals by the year 2012.