Fortis Healthcare raises funds for Gurgaon Medicity and Shalimar Baug projects

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Category: Investments
Fortis Healthcare which is aggressively expanding through organic ways – by green field projects and inorganic route – through acquisitions, contracts is plannign to raise funds to the tune of Rs.4500 million through bank loans. Its Gurgaon Medicity project which is a 450 bed hospital is slated for commissioning by end 2011. It may be noted, the company had acquired 10 Wockhardt Hospitals last year.