Fortis Subsidiary IHL Sub-leases Greater Noida Hospital for Delhi-NCR Expansion
The deal represents a significant long-term strategic move with substantial financial commitments (₹2.40 crore monthly rent, ₹60 crore security deposit) and operational expansion in a high-growth region for 15 years.
The agreement allows Fortis Healthcare to expand its footprint in a key market (Delhi-NCR) through a long-term sub-lease of an operational hospital, promising quick ramp-up and synergies.
* Fortis Healthcare Limited, through its wholly-owned subsidiary International Hospital Limited (IHL), has executed a sub-lease agreement with R.R. Lifesciences Pvt Ltd. * This agreement involves sub-leasing the hospital land, building, and equipment located at Gautam Buddha Nagar, Greater Noida, to IHL. A tripartite agreement with Uttar Pradesh Industrial Development Authority (UPSIDA) and R.R. Lifesciences Pvt Ltd will also be executed. * IHL will pay a monthly rent of ₹2.40 crore plus applicable GST, subject to periodical escalation, and will provide a refundable security deposit of ₹60 crore. * The sub-lease is for a period of 15 years, effective from September 1, 2025, with potential for renewal subject to UPSIDA approval. * Under this arrangement, IHL will operate the hospital and will engage the existing employees, contractors, and vendors of R.R. Lifesciences Pvt Ltd at the said hospital. * The company stated that this arrangement allows it to expand its presence in the attractive Delhi-NCR region, expecting a quick ramp-up and synergies given its existing facilities in the area. * This new sub-lease replaces an earlier Operation & Management (O&M) contract under which Fortis Hospitals Limited (another wholly-owned subsidiary) had been managing the facility since October 2022. * As of March 31, 2025, IHL's turnover was ₹469.20 crore (₹4,692.00 Million), and R.R. Lifesciences Pvt Ltd's turnover was ₹92.23 crore (₹922.30 Million).
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Fortis Healthcare Limited filed this with the NSE as a statutory disclosure, categorised under strategic partnerships. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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