Kauvery Hospitals completed the acquisition of Vadapalani Facility from Fortis Healthcare for $19m.

Kauvery Hospitals, an Indian hospital chain, completed the acquisition of Vadapalani Facility from Fortis Healthcare, healthcare delivery service provider, for $19m. “The divestment of Arcot Road hospital business operations is in line with our stated intent of optimizing our hospital assets keeping in mind our key markets and regions. This also underpins our focus on improving our overall profitability and margins in the segment, allowing us to re-allocate capital in our key clusters," Ashustosh Raghuvanshi, Fortis Managing Director & CEO.