Fortis Healthcare: Gets Unsolicited Offer From Radiant Life Care

n the non-binding offer, Radiant Life has proposed to make and investment and/or re-structure Fortis Healthcare, Fortis said in a statement.

The takeover battle for cash-strapped Indian hospital operator Fortis Healthcare intensified on Friday with Radiant Life Care Private Ltd, the fifth suitor, entering the fray on Thursday.

In the non-binding offer, Radiant Life has proposed to make and investment and/or re-structure Fortis Healthcare, Fortis said in a statement.

Separately, Fortis Healthcare said earlier it would set up an advisory committee to evaluate binding offers from suitors lining up to buy the company or take a stake.

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