Fortis to buy $685 mn stake in Parkway

Indian hospital chain Fortis Healthcare will buy 23.9 percent of Singapore’s Parkway HoldingsĀ  from U.S. buyout firm TPG Capital in an expansion drive into Asia and the Middle East. The $685 million deal will give Fortis a foothold in Singapore and Malaysia and make it the biggest private hospital network in Asia, it said. The…