TPG-Manipal consortium to buy Fortis Healthcare: Reports
A consortium of private equity firm TPG and Manipal Health is nearing a deal to acquire India's second-largest hospital chain Fortis Healthcare, according to reports. The operations of Manipal, which is backed by TPG, would be combined with Fortis' business, reports added. Notably, Fortis is being probed for fraud after reports said its promoters took â¹500 crore without board approval.