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Fortis Healthcare Gets Unsolicited Offer From Radiant Life Care

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The takeover battle for cash-strapped Indian hospital operator Fortis Healthcare intensified on Friday with Radiant Life Care Private Ltd, the fifth suitor, entering the fray on Thursday.In the non-binding offer, Radiant Life has proposed to make and investment and/or re-structure Fortis Healthcare, Fortis said in a statement.Separately, Fortis Healthcare said earlier it would set up an advisory committee to evaluate binding offers from suitors lining up to buy the company or take a stake.
Thomson Reuters 2018(Except for the headline, this story has not been edited by staff and is published from a syndicated feed.)




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