Support and Resistance Levels
Past performance
About Fortis Malar Hospitals Ltd Fortis Malar Hospital Limited, established in 1989 and acquired by Fortis Group in 2008, is a prominent multi-specialty hospital in Chennai, India. The hospital offers comprehensive healthcare services with a focus on Cardiology, Cardiac Surgery, and other specialties like Neurology, Orthopedics, and Pediatrics. It operates with 160 beds, including 40 ICU/CCU/RTU beds, and plans to expand to 250 beds. Notably, Dr. K M Cherian leads the Cardio Thoracic department, enhancing the hospital's reputation and revenue potential through complex surgeries.
In terms of corporate developments, Fortis Malar has undergone significant ownership changes and strategic arrangements. In 2008, its management transitioned to Fortis Healthcare Limited and its subsidiaries. The hospital also incorporated a subsidiary, Malar Stars Medicare Limited, in 2009. Although a proposed amalgamation with Fortis Healthcare and SRL Limited was terminated in 2018, Fortis Healthcare's controlling interest shifted to Northern TK Venture Pte Ltd, a subsidiary of IHH Berhad, following a strategic share subscription.