Fortis Healthcare is making inroads into Singapore. The hospital chain will buy 24 per cent stake in hospital chain Parkway Holdings. This comes close on the heels of Fortis closing its 10-hospital acquisition of Wockhardt.Fortis is paying around Rs 3120 crore ($685 million) for a 23.9 per cent stake in Singapore based Parkway Holdings, one of Asia's largest healthcare chains. The all cash deal closes in a week with Fortis becoming the largest shareholder in Parkway, followed closely by Malaysian Sovereign fund Khazanah Nasional. Full Story
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