CORRECTED - CORRECTED-Fortis to buy Wockhard's hospitals for $206 mln-report
(Corrects deal value in headline and lead)
NEW DELHI, Aug 22 (Reuters) - Hospital chain Fortis Healthcare Ltd (FOHE.BO: Quote, Profile, Research) will pay around 10 billion rupees ($205.7 million) to buy 10 hospitals from unlisted Wockhardt Hospitals, the Economic Times newspaper reported on Saturday.
The deal could be announced on Monday, the paper said, citing two sources close to the development.
Fortis, which has 28 hospitals currently, plans to have 40 by 2012, and some of this addition would come through acquisitions, it has said.
Last week, Fortis approved a rights issue to raise 9.97 billion rupees, much of it slated to fund expansion.
Fortis officials were not immediately available, but the Economic Times said Chief Executive Shivinder Mohan Singh declined to comment.
Wockhardt Hospitals' chairman Habil Khorakiwala said the two firms were in talks but did not give details, the paper said. ($1=48.62 rupees) (Reporting by C.J. Kuncheria)
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