SINGAPORE PRESS-Religare Health Trust in North India hospital deal -Business Times

Mon Feb 3, 2014 7:00pm EST

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In a move to strengthen its presence in northern India, Religare Health Trust (RHT) has entered into agreements worth S$68.8 million ($54 million) with its sponsor Fortis Healthcare to acquire a hospital facility as well as its related business services and equipment.

"The proposed transactions represent an opportunity for RHT to acquire a clinical establishment that is accredited to international standards in India and which is already operated by a leading hospital operator," RHT said in a regulatory filing yesterday.

NOTE: Reuters has not verified this story and does not vouch for its accuracy. ($1 = 1.2749 Singapore dollars) (Compiled by Singapore Newsroom)