How will it benefit Fortis?
Commenting on the deal Vikas Dandekar of PharmAsiaNews.com said Fortis would see immediate profitability and revenues boost and will have a more pan India presence. Fortis would probably gain a lot from this acquisition, with presence, expansion, and with so much profitability accruing. Fortis, will have this readymade business coming to them at a time when there is a huge demand. He added that the deal would help out Wockhardt from the current financial mess. Here is a verbatim transcript of the exclusive interview with Vikas Dandekar on CNBC-TV18. Also watch the accompanying video. Q: We saw Habil Khorakiwala go gung ho on the hospital venture, attempt taking it for an IPO. Then it was withdrawn and now after many months of keeping the rumour mills abuzz the deal has been done. This is like a coming a full circle A: Yes, absolutely. From the time the IPO collapsed early 2008 there has always been speculation on what will be the right valuations because there havent been so many hospi
