Fortis Healthcare rose 3.58% to Rs 169.30 at 9:23 IST on BSE after the company said it sold its Singapore hospital to Concord Medical Services (International) for 55 million Singapore dollars.
The announcement was made after trading hours on Friday, 27 March 2015.
Meanwhile, the BSE Sensex was up 213.14 points, or 0.78%, to 27,671.78.
On BSE, so far 2.03 lakh shares were traded in the counter, compared with an average volume of 4.99 lakh shares in the past one quarter.
The stock hit a high of Rs 171.90 so far during the day, which is also a 52-week high for the counter. The stock hit a low of Rs 168 so far during the day. The stock hit a 52-week low of Rs 96.55 on 15 April 2014.
The stock had outperformed the market over the past one month till 27 March 2015, rising 1.68% compared with 6.03% decline in the Sensex. The scrip had also outperformed the market in past one quarter, jumping 52.05% as against Sensex's 0.80% rise.
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The mid-cap company has an equity capital of Rs 462.81 crore. Face value per share is Rs 10.
Fortis Healthcare International, a step-down subsidiary of Fortis Healthcare (Fortis), has finalised the sale of its Singapore hospital to Concord Medical Services (International) (CCM), for a consideration of 55 million Singapore dollars. The deal will be completed on or about 6 April 2015.
Opened in July 2012, the 31 bed private facility known as the Fortis Surgical Hospital (FSH), brings together the expertise of renowned surgeons in the delivery of advanced surgical procedures in colorectal, urology, gynaecology, plastic and general surgeries. FSH specialises in minimally invasive procedures and offers the full spectrum of clinical interventions including laparoscopic and robot-assisted surgeries. Close to 100 robot-assisted surgical procedures have so far been successfully performed at the hospital, the company said in a statement.
On a consolidated basis, Fortis Healthcare reported net loss of Rs 22.28 crore in Q3 December 2014 as against net profit of Rs 389.09 crore in Q3 December 2013. Net sales rose 0.93% to Rs 1011.81 crore in Q3 December 2014 over Q3 December 2013.
Fortis Healthcare is a leading integrated healthcare delivery service provider in India. The healthcare verticals of the company primarily comprise hospitals, diagnostics and day care speciality facilities. Currently, the company operates its healthcare delivery services in India, Singapore, Dubai, Mauritius and Sri Lanka with 55 healthcare facilities (including projects under development), approximately 10,000 potential beds and 270 diagnostic centres.
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