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Fortis Healthcare completed its 100 per cent stake sale in the Hong Kong-based Quality Healthcare for $355 million on Thursday, the company said in a statement.
Altai Investments Ltd is the holding company for Quality Healthcare.
Fortis had announced its decision to exit its third major international business on October 14. Now, 95 per cent of the company's revenues will come from its Indian operations.
Earlier, Malvinder Singh, Executive Chairman, said that the company will focus on its hospitals and diagnostics business in India and will add about 1,000 beds in the current year. Further, the company plans to open two more research hospitals by the year-end.
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