Fortis to sell Quality Healthcare to Bupa for $355 million

Fortis Healthcare Ltd. has decided to sell its stake in Quality Healthcare Medical Services in Hong Kong to British medical services group Bupa for $355 million. This is an effort or one of the strategized methods to reduce debt by selling some assets.
This divestment will help and assist Fortis to focus on its hospital and diagnostic business in India which would further strengthen its balance sheet by improving its net debt to equity ratio and create further room for growth.