Fortis Healthcare Expands NCR Presence; Takes Over 200-Bed Greater Noida Hospital on long term lease

Fortis Healthcare Limited today announced that its wholly owned subsidiary, International Hospital Limited (IHL), has entered into a 15-year lease agreement with RR Lifesciences Limited for a ~200-bed fully operational multi-specialty hospital in Greater Noida. Fortis had been previously managing the facility under an Operations & Management (O&M) arrangement since its launch in October 2022 and will continue to operate the facility as Fortis Hospital Greater Noida under the new lease arrangement.

With the above, Fortis will assume complete operational and financial control, allowing it to consolidate the hospital's performance within its network. The hospital is built on a 1.35-acre UPSIDA-leased land parcel with 2.7 lakh sq. ft. of built-up area. The facility has the potential to expand capacity by an additional 50 beds within the existing set-up; taking the total to ~250 beds. Strategically located, it is well connected by the Greater Noida Expressway, Metro (Aqua line), Yamuna Expressway, and Eastern Peripheral Expressway, and is 34 km from the upcoming Jewar International Airport.

Greater Noida has seen rapid population growth, corporate expansion, and residential development in recent years. However, healthcare infrastructure has lagged behind demand. The presence of this tertiary care facility under the Fortis network will play a critical role in meeting the medical needs of communities in and around Greater Noida and adjoining areas, while positioning the city as an emerging healthcare hub in Delhi-NCR.

Commenting on the development, Dr. Ashutosh Raghuvanshi, MD & CEO, Fortis Healthcare Limited, said: "The addition of Fortis Hospital Greater Noida underlines our commitment to strengthening healthcare delivery across NCR. Greater Noida is emerging as an important hub, driven by urbanisation, industrial growth, and rising patient demand. With this expansion, we are not only enhancing access to advanced tertiary care but also reinforcing Fortis' leadership in the region. Our focus will remain on delivering high-quality, ethical, and patient-centric care while exploring opportunities for further growth."

Shares of Fortis Healthcare Limited was last trading in BSE at Rs. 924.85 as compared to the previous close of Rs. 911.60. The total number of shares traded during the day was 38632 in over 1738 trades.

The stock hit an intraday high of Rs. 928.00 and intraday low of 914.50. The net turnover during the day was Rs. 35650172.00.

Source : Equity Bulls

Keywords

FortisHealthcare INE061F01013 HealthcareFacilities Expansion NCR 200Beds GreaterNoidaHospital LongTermLease