Fortis Healthcare buys Suguna Hospital in Bengaluru for ₹277 crore

Mergers & acquisitions
Miscellaneous

Blacklitt Research28 October 20263 min read

Fortis Healthcare (NSE: FORTIS) said in a filing on 28 Oct 2026 that its wholly-owned subsidiary International Hospital Limited has acquired the business of Suguna Hospital in Rajajinagar, Bengaluru, together with its land and building, for a cumulative transaction value of approximately ₹277 crore. The transaction was consummated the same day. The market value of the company at the 28 Oct 2026 close was ₹57,339 crore.

Key highlights

Cumulative transaction value: approximately ₹277 crore, all cash
Suguna revenue for FY26: approximately ₹50 crore
Operational beds at Suguna Hospital: 110, with capacity to add about 40
Bengaluru operational beds after the deal: about 1,000, including O&M facilities

The Suguna acquisition in numbers

Item	Detail
Acquirer	International Hospital Limited, a wholly-owned subsidiary
Seller	Suguna Ramaiah Hospitals Private Limited (business); a promoter of Suguna (land and building)
Structure	Slump sale of business, operations and assets, plus sale deed for land and building
Cumulative transaction value	Approximately ₹277 crore
Consideration	Cash
Suguna revenue, FY26	Approximately ₹50 crore
Beds	110 operational; capacity to add about 40
Closing	Consummated on 28 Oct 2026

What was bought and where

International Hospital Limited, a wholly-owned subsidiary of Fortis Healthcare, signed a business transfer agreement to acquire the entire business and operations of Suguna Ramaiah Hospitals Private Limited, and a sale deed for the land and building at Dr. Rajkumar Road, Rajajinagar, Bengaluru, on 28 Oct 2026. The filing says the transaction was consummated the same day.

The hospital was commissioned in 2006, is built on about 1 acre and is a tertiary-care multispeciality facility with 110 operational beds. The company says it can add about 40 beds, and its press release refers to a potential of about 150 beds.

Scale and the Bengaluru network

The company says the deal follows its People Tree Hospital acquisition in January 2026 and gives it about 1,000 operational beds in Bengaluru, including O&M facilities, and about 500 potential beds across its North-West Bengaluru corridor facilities. Suguna's FY26 revenue of about ₹50 crore compares with a transaction value of about ₹277 crore; the filing does not give the split of that price between the business and the land and building.

The filing gives Suguna's turnover for FY24 at ₹49.05 crore, FY25 at ₹49.90 crore and FY26 at ₹49.80 crore, so revenue has been broadly flat over three years. The company says it plans investments in upgrading the facility, but the filing gives no amount or timeline for them.

What the Suguna acquisition means for Fortis Healthcare's shareholders

Fortis Healthcare takes on a 110-bed hospital and its site in Bengaluru for a cumulative value of about ₹277 crore, paid in cash, and the deal is already closed. The company says it strengthens its cluster-focused growth strategy in the city.

The filing does not say how the purchase is funded, what the company expects the deal to add to its results, how profitable Suguna is, or how much the planned upgrades will cost. It also does not give a timeline for growing the hospital to 150 beds.

Reference: Original filing (PDF)

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