NEW DELHI, March 12 (Reuters) - Indian hospital chain Fortis Healthcare (FOHE.BO) will use a short-term loan and money raised through a recent rights issue to fund its acquisition of a stake in Singapore's Parkway Holdings (PARM.SI), a top official said.Fortis said on Thursday it would buy 23.9 percent of Singapore's Parkway Holdings from U.S. buyout firm TPG Capital in a $685 million deal that will give the Indian hospital chain a foothold in Singapore and Malaysia and make it the biggest private hospital network in Asia. Full Story
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Fortis Healthcare To Fund Parkway Deal Via Cash, Convertible Bond - The Wall Street Journal
