Mumbai, April 23: Fortis Healthcare on Monday said Hero Enterprise Investment Office and the Burman Family Office have extended the validity of their 'improved binding offer' till May 4, 2018.
According to a BSE filing, "all other terms and conditions of the improved offer remain unchanged".
On April 19, Sunil Kant Munjal of Hero Enterprise as well as Anand Burman and Mohit Burman of the Burman family approached the Board of Fortis Healthcare with a binding offer to invest Rs 1,500 crore directly in the company.
The 'improved binding offer' replaced their original offer made to the Board on April 12, 2018 to invest Rs 1,250 crore directly in Fortis Healthcare.
The development comes days after Fortis Healthcare disclosed that it has received "an unsolicited non-binding expression of interest (EoI)" from KKR-backed Radiant Life Care with "a proposal for making investment and or re-structuring the company subject to certain conditions as mentioned in the offer letter".
As per an earlier BSE filing, Radiant Life Care has made an offer to buy a 26 per cent stake in the company at a price of Rs 126 per share, excluding the SRL Diagnostics' business.
Fortis Healthcare had earlier revealed that it has received a "supplemental proposal" from IHH Healthcare Berhad.
Besides IHH, Fortis Healthcare has received "an unsolicited non-binding expression of interest (EoI)" from Fosun Health Holdings for a possible due diligence.
Fosun Health Holdings has made an offer of a "primary infusion at a price up to Rs 156 per share, subject to due diligence to be completed within three weeks, up to a total investment of $350 million" including a preliminary investment of up to Rs 100 crore.
However, Fortis Healthcare on March 27 had announced plans to demerge its hospitals business (Fortis Hospitals) into Manipal Hospital Enterprises Private Ltd (Manipal Hospitals).
The plan envisages the sale of the company's 20 per cent stake in SRL Ltd to Manipal Hospitals.
On last Thursday, Fortis Healthcare decided to constitute an "expert advisory committee" to evaluate all binding proposals for fund infusion. The panel is led by Deepak Kapoor, Former Chairman and CEO of Price Waterhouse Coopers, India and has been "requested to provide a report of its recommendation to the Board, by April 26, 2018".
The company has named Renuka Ramnath and Lalit Bhasin as members of an "expert advisory committee". Ramnath is a former MD and CEO of ICICI Venture and Bhasin, President, Society of Indian Law Firms and Managing Partner, Bhasin & Co.
The panel is likely to meet by April 25 to decide on the merger or buy offers.
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Over 75 percent of Karnataka’s population obese, overweight: Report
Bengaluru: A new health report has revealed that over 75% of Karnataka's population screened in 2024 is either obese or overweight, highlighting an alarming rise in lifestyle-related health issues.
According to the Health of the Nation 2025 report by Apollo Hospitals, as cited by The New Indian Express on Tuesday, 56% of those screened were diagnosed as obese, while another 21% were classified as overweight.
The report underscores a growing public health crisis, driven by sedentary lifestyles, poor nutrition, and undiagnosed chronic conditions that often do not show visible symptoms. The annual report, which examined health data from over 2.5 million preventive screenings conducted across the Apollo ecosystem in India, reveals that symptom-based healthcare is increasingly insufficient to address these hidden health risks.
In Karnataka, the report found that 28% of the individuals screened were hypertensive, with half of them classified as pre-hypertensive. Diabetes was found in 20% of the population, with an additional 25% falling into the pre-diabetic category. These figures reflect the rising metabolic stress among asymptomatic individuals, many of whom are unaware of their conditions.
Additionally, the report noted that 84% of the screened individuals in the state had low vitamin D levels, which can negatively impact bone health and immunity. Furthermore, 64% exhibited reduced flexibility, affecting musculoskeletal wellness.
Dr Prathap C. Reddy, Chairman of Apollo Hospitals, emphasised the need for India to shift towards a preventive health culture. "Early screening, personalised interventions, and health education should become integral to our homes, schools, and workplaces," TNIE quoted him as saying.
The report also highlighted several other health threats, including fatty liver disease, post-menopause health risks, and childhood obesity. Of the 2.5 million people screened nationally, 65% had fatty liver with 85% of those cases being non-alcoholic. Heart disease signs were present in 46% of asymptomatic individuals, while post-menopausal women saw a sharp increase in both obesity (from 76% to 86%) and diabetes (from 14% to 40%).
Childhood obesity is also becoming a significant concern, with the report revealing that 28% of college students were either overweight or obese, and 19% showed signs of prehypertension.
Mental health issues, often under-reported, emerged as another area of concern, with 7% of women and 5% of men screened nationwide showing symptoms of clinical depression, particularly among the middle-aged population.
