Fortis Healthcare Partners with Dion Group to Establish 300-Bed Multi-Specialty Hospital in Odisha

Fortis Healthcare Partners with Dion Group to Establish 300-Bed Multi-Specialty Hospital in Odisha​

Fortis Healthcare has entered the Odisha market by signing an Operations and Management (O&M) agreement with the Dion Group for a large-scale greenfield multi-specialty hospital. The facility, which will be developed at Dion Riverside Township in Trishulia, Cuttack, is planned to be a major tertiary care destination for Odisha and neighboring areas.

The collaboration involves Fortis managing and operating the 300-bed hospital. This strategic partnership aims to strengthen healthcare infrastructure in the region and improve access to advanced medical care.

Dion Group, an established real estate and infrastructure development conglomerate headquartered in Bhubaneswar, is expanding its presence into the hospitality and healthcare sector. The project is situated in the rapidly developing Cuttack-Bhubaneswar corridor and is designed to offer comprehensive tertiary and quaternary care services. These services will be supported by advanced diagnostics, critical care infrastructure, and specialized clinical programs.

The venture represents Fortis Healthcare's first significant operational presence in Odisha. It aligns with the company's broader strategy to expand access to quality healthcare across India through both brownfield expansion and inorganic growth initiatives, including operating and management agreements.

Speaking on the collaboration, Dr. Ashutosh Raghuvanshi, Managing Director & CEO of Fortis Healthcare, stated that the upcoming hospital will play a significant role in improving access to advanced tertiary care services for patients across Cuttack, Bhubaneswar, and surrounding regions. He emphasized that this partnership reflects Fortis' commitment to expanding high-quality healthcare infrastructure and looks forward to bringing clinical excellence and operational expertise to Odisha.

Mr. Manoj Sahoo, Promoter of Dion Group, added that the collaboration allows them to meet their vision of creating integrated communities supported by world-class services. Mr. Sahoo noted that partnering with Fortis Healthcare will bring together proven clinical and operational expertise with their goal of developing modern healthcare infrastructure for the state, helping to address the demand for advanced medical care.

The proposed hospital is expected to substantially contribute to the regional healthcare ecosystem by enhancing specialized treatment access and reducing the necessity for patients to travel outside the state for complex medical care.

FORTIS Stock Price Movement​

Today, shares of Fortis Healthcare Limited edged higher to close at ₹975.5 after gaining 0.06%. The stock settled on a positive trading day, with over 1.13 million shares accounted for in the session's volume.