Fortis Healthcare Limited, through its wholly-owned subsidiary International Hospital Limited (IHL), has signed definitive agreements to acquire TMI Healthcare Private Limited for a total consideration of ₹430 Crore. This transaction includes the acquisition of TMI Healthcare's hospital operations, the underlying hospital land and building, and an adjacent land parcel. TMI Healthcare Private Limited, incorporated in 2011, operates the People Tree Hospital in Yeshwanthpur and two other identified facilities. The consolidated revenue from operations for TMI Healthcare was ₹102.00 Crore in FY25. The acquisition is aligned with Fortis Healthcare's cluster-focused growth strategy and aims to bolster its network in Bengaluru, Karnataka. The consummation of the proposed transaction is subject to customary conditions precedent and closing conditions. Fortis Healthcare expects the acquisition to be completed by the end of January 2026. The acquisition does not involve related parties, and the entity being acquired belongs to the healthcare services industry. This move is anticipated to enable the company to expand and scale up its quality healthcare services in Bengaluru.