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Mumbai: Delhi-based Fortis Healthcare on March 11 said that it is acquiring 23.9 per cent stake in Parkway Holdings, one of the Asia's largest healthcare service providers, from TPG Capital in an off-market deal.
Though Fortis has not disclosed the deal size, agency reports said that it could Rs 3,150 crore ($685 million). Fortis stock price gained 6.41 per cent to close at Rs 181 on Thursday, which was 52-week high for the stock. In August 2009, Fortis bought 10 hospitals from Wockhardt for Rs 900 crore.
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