Fortis Healthcare signs 29-year pact for 400+ bed super speciality hospital in Delhi

In September 2026, Fortis Healthcare recently signed definitive agreements to provide healthcare services at a planned 400-plus-bed super specialty hospital in Ashok Vihar, New Delhi. The company informed stock exchanges of the development. The agreements were executed by Fortis Hospotel Limited, a wholly owned subsidiary of Fortis Healthcare. The other party is Seth Sunder Lal Jain Charitable Eye Hospital. The filing refers to it as the SLJ Society.

Under the Healthcare Services Agreement, the SLJ Society has granted Fortis long-term exclusive rights to run specified inpatient services at the hospital. This includes access to equipment such as a Cath Lab, LINAC, PET-CT, and a surgical robot. Fortis will also bring in clinical staff for these services. Ownership stays with the SLJ Society. The land, the building, and the associated civil and medical infrastructure will belong to the society, not to Fortis. The society will also operate and manage the hospital.

Fortis will also pay a service fee to the society for the right to deliver healthcare services. The fee will be a percentage of the revenue the hospital generates. As part of the arrangement, Fortis has also given an interest-free refundable security deposit to the society.

Separately, the company has agreed to lend the SLJ Society up to Rs 567 crore. The money is meant for construction, upgradation and operation of the hospital. The loan will be disbursed in tranches over the next three to four years, based on construction progress. The society has created security in favor of Fortis for this loan. Fortis will earn interest on it, as set out in the loan agreement. The company has also said that the transaction does not fall under related party dealings.

Impact on the Healthcare Market

The hospital will come up on about 3.1 acres in Ashok Vihar, in north-west Delhi. It is expected to begin operations in three to four years, subject to regulatory approvals. Planned specialties include oncology, neurosciences, cardiac sciences, gastroenterology, orthopedics, renal sciences and transplants, along with multi-specialty robotic surgery. 
The hospital will also offer free inpatient and outpatient treatment to eligible patients under the Economically Weaker Sections category, as part of its regulatory and social obligations.

Impact on the Medical Bed Market

The global medical bed market size is valued at USD 43.48 billion in 2025 and is predicted to increase from USD 49.03 billion in 2026 to approximately USD 147.39 billion by 2035, expanding at a CAGR of 12.98% from 2026 to 2035.

According to Precedence Research, the frequency of chronic illnesses is increasing, and consumers are becoming more interested in hospital beds that are well-equipped with cutting-edge features. Additionally, postoperative care and home healthcare services for the elderly population provide market participants with significant potential. The market is anticipated to increase as a result of factors like the expanding geriatric population and the prevalence of chronic illnesses worldwide. Furthermore, throughout the course of the forecast period, the market is anticipated to rise as a result of technical advancements, the adoption of medical beds, and an increase in the number of hospitals. However, it is projected that the market expansion would be hampered by the high cost of medical beds and a decline in the number of beds in public hospitals.

AI-powered smart medical beds are also helping to transform hospital operations by automating patient monitoring, improving comfort, and easing the workload for staff. These beds utilize sensors, AI, and real-time data to improve patient care and alleviate pressure on hospital personnel.