Singapore, March 11, 2010: Fortis Healthcare Ltd., India’s fastest growing healthcare company, today announced the acquisition of a 23.9% strategic stake in one of Asia’s largest healthcare service providers, Parkway Holdings Limited, from TPG Capital (formerly Texas Pacific Group). Parkway is counted as Asia’s premium healthcare provider, with a network of 16 hospitals having 3,400 beds spread over six countries, including India. The deal size is estimated to be about US$685.3 million (S$959.4 million).

Fortis has entered into a definitive agreement with TPG Capital, one of the world’s leading private investment firms, to acquire its 23.9% stake in Parkway Holdings Ltd. Fortis intends to seek 4 seats on the board of directors of Parkway and also intends to nominate Mr. Malvinder Mohan Singh (current Chairman of Fortis Healthcare) as the Chairman of the Board of Directors of Parkway. Further, in connection with this acquisition, some members of the management of Parkway are participating with Fortis in this transaction.

Mr. Malvinder Mohan Singh, Chairman Fortis Healthcare said, “Singapore is renowned as the international medical hub for high quality healthcare services, with access to a ready pool of experienced nursing staff, specialist medical practitioners and the latest medical technologies and treatments. Parkway’s strong presence in Malaysia with the Pantai Group of Hospitals gives us great confidence. This acquisition will significantly expand our footprint across the region and place us strategically for geographical and clinical leadership in Asia, a big step closer to our vision of establishing a global healthcare delivery network.