Goyal said, “Hospital business achieved 19% revenue growth compared to last year, and consolidated growth was 17.5%. We are in the growth phase and expect this momentum to continue.”

Occupancy Set to Improve
Asked about occupancy, currently at 67%, Goyal said, “We acquired new assets and started a mental health business, Adayu. These will take time to ramp up. We expect to reach 70% occupancy in about a year.”Margin Expansion on Track
On EBITDA margins, Goyal noted, “Fortis has been improving margins over the last four years. Brownfield expansions and ramp-up of existing facilities will further improve margins. Some underperforming hospitals, like Escorts and CG Road in Bangalore, are now contributing positively. Manesar facility has breakeven EBITDA and is adding to margins.”

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On medium-term margins, he added, “Hospital EBITDA is around 22%, diagnostics 23–24%. We expect hospital margins to reach 24–25%. Diagnostics have shown 8.3% revenue growth, and there is further room for improvement.”
Bangalore Expansion
Regarding the Bangalore plan to expand from 900 to 1,500 beds, Goyal said, “We acquired People Tree hospital and adjacent land. First, we will align the hospital with Fortis standards, then build an onco block. All Bangalore hospitals are doing 20%+ EBITDA margin, and we expect faster growth in this market.”
Revenue Growth Drivers
On top-line growth of 19.4%, he explained, “About 4% comes from acquisitions, another 10% from brownfield expansions, and the rest from ramp-up and high-end care like oncology. Price increases account for only 2–2.5% of growth.”
Future Growth Outlook
Asked about strategic growth, Goyal said, “It’s difficult to give exact guidance, but we expect similar growth going forward. Brownfield expansions will kick in fully next year. Our flagship FMRI hospital’s new block will start contributing to revenue and EBITDA, as it is already operating near 80% occupancy.”

With growth across hospitals and diagnostics, margin improvements, and strategic expansion, Fortis Healthcare appears well-positioned to maintain strong momentum in the coming quarters.

More than 191,000 Aroeve air purifiers have been recalled after dozens of overheating incidents and one reported fire, according to the U.S. Consumer Product Safety Commission (CPSC).

The recall affects approximately 191,390 units of Aroeve brand air purifiers, regulators said.

“The air purifiers can overheat and ignite, posing fire and burn hazards to consumers,” the CPSC said in a recall notice.

JAGUAR LAND ROVER RECALLING 2,300 ELECTRIC VEHICLES IN US OVER FIRE RISK

More than 191,000 air purifiers were recalled following dozens of reports of overheating and one report of a fire. (U.S. Consumer Product Safety Commission)

Aroeve has received 37 reports of the air purifiers overheating, including one report of a fire, according to the agency. No injuries or property damage have been reported.

The affected products are model MK04 units manufactured before July 2025 with serial numbers beginning with “BN.” The air purifiers were sold in black and white.

THOUSANDS OF SMOKE DETECTORS RECALLED OVER POTENTIAL FIRE HAZARD

About 191,390 air purifiers were impacted by the recall. (U.S. Consumer Product Safety Commission)

The units were sold online at Amazon.com, Shopify.com, TEMU.com and TikTok.com from September 2024 through June 2025 for between $80 and $134, the CPSC said.

Aroeve received 37 reports of the air purifiers overheating, including one report of a fire.

Close-up of Aroeve brand air purifier, Menlo Park, California, November 22, 2025.  (Smith Collection/Gado/Getty Images / Getty Images)

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No injuries or property damage have been reported thus far.

Consumers are urged to stop using the air purifiers immediately and to contact Airova for a free replacement.

This article was written by

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The US and Taiwan finalized a trade agreement aimed at reducing tariffs, enhancing market access for American goods in Asia, and strengthening economic ties. The deal aims to benefit both regions by promoting closer economic collaboration, increasing exports, and supporting mutual growth. It marks a significant step in their ongoing economic partnership.

Taiwan and the United States have recently signed a significant trade agreement aimed at strengthening their economic partnership. This pact signifies a boost in bilateral trade relations, fostering greater cooperation across various sectors including technology, manufacturing, and agriculture. The agreement is seen as a strategic move to enhance Taiwan’s economic stability and resilience in the face of regional challenges.

The trade pact also emphasizes commitments to fair trade practices and intellectual property protections, which are crucial for innovation-driven industries in Taiwan. For the United States, this agreement reinforces its support for Taiwan’s role as a vital economic partner in the Indo-Pacific region. Both nations aim to create a more predictable and transparent trading environment to benefit businesses and consumers alike.

This development comes amidst increasing geopolitical tensions in the Indo-Pacific. The trade pact not only bolsters economic ties but also signals shared commitments to stability and cooperation in the region. It highlights the importance Washington places on supporting Taiwan’s economic growth and sovereignty through strategic partnerships.

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