Wednesday, March 24, 2010

Parkway Holdings share price increased with Fortis Healthcare investment

Share price of Parkway Holdings (P27.SI), one of the region's leading providers of healthcare services, ended higher by 1.538% to close at S$3.300. The push in share price coincides with Fortis Healthcare, India’s fastest-growing healthcare company, investment on the company. Mid March 2010, Fortis Healthcare announced its interest to acquire 23.9% of Parkway Holdings in a bid to expand its footprint in Asia. To date, Fortis Healthcare owns 24.67% of Parkway Holdings' shares.
Since 1 March 2010, share price of Parkway Holdings' has climbed from S$2.830 to the current S$3.300, and that's 16.6% in a month. October 2009 share price was in the range of S$2.140.

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