Latest news with #Fortis
Yahoo
2 days ago
- Business
- Yahoo
Fortis Inc. Announces Results of Series H First Preference Share and Series I Preference Share Conversions
ST. JOHN'S, Newfoundland and Labrador, June 02, 2025 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX: FTS) announced today that 11,298 of its 7,665,082 issued and outstanding Cumulative Redeemable Five-Year Fixed Rate Reset First Preference Shares, Series H ("Series H Shares") were tendered for conversion, on a one-for-one basis, into Cumulative Redeemable Floating Rate First Preference Shares, Series I ("Series I Shares") and that 248,830 of its 2,334,918 Series I Shares were tendered for conversion, on a one-for-one basis, into Series H Shares. As a result of the conversion, Fortis has 7,902,614 Series H Shares and 2,097,386 Series I Shares issued and outstanding. The Series H Shares and the Series I Shares will continue to be listed on the Toronto Stock Exchange ("TSX") under the symbols and respectively. The Series H Shares will pay on a quarterly basis, for the five-year period beginning on June 1, 2025, if, as and when declared by the Board of Directors of Fortis, a fixed dividend based on an annual fixed dividend rate of 4.183 percent. The Series I Shares will pay a floating quarterly dividend for the five-year period beginning on June 1, 2025, if, as and when declared by the Board of Directors of Fortis. The floating quarterly dividend rate for the Series I Shares for the first quarterly floating rate period (being the period from and including June 1, 2025 and ending on and including August 31, 2025) is based on an annual floating dividend rate of 4.103 percent and will be reset every quarter based on the applicable three-month Government of Canada Treasury Bill rate plus 1.450 percent. For more information on the terms of, and risks associated with an investment in, the Series H Shares and the Series I Shares, please see the Corporation's short form prospectus dated January 18, 2010 relating to the issuance of the Series H Shares, which can be found under the Corporation's profile on SEDAR+ at and on the Corporation's website at About Fortis Fortis is a well-diversified leader in the North American regulated electric and gas utility industry, with 2024 revenue of $12 billion and total assets of $75 billion as at March 31, 2025. The Corporation's 9,800 employees serve utility customers in five Canadian provinces, ten U.S. states and three Caribbean countries. Fortis shares are listed on the TSX and NYSE and trade under the symbol FTS. Additional information can be accessed at or A .pdf version of this press release is available at: For more information, please contact: Investor Enquiries:Ms. Stephanie Amaimo Vice President, Investor RelationsFortis Inc.248.946.3572investorrelations@ Media Enquiries:Ms. Karen McCarthyVice President, Communications & Government RelationsFortis Inc.709.737.5323media@ in to access your portfolio
Time of India
3 days ago
- Health
- Time of India
Kolkata nurse gets Florence Nightingale award from Prez
1 2 3 Kolkata: Doli Biswas, a nurse at a private hospital in Kolkata, received the prestigious National Florence Nightingale Award for her 'exemplary contribution to nursing and compassionate patient care'. She received the award from President Droupadi Murmu at Rashtrapati Bhavan on Friday. Biswas is the chief nursing officer at Fortis Hospital, Anandapur. The award is instituted by the ministry of health and family welfare. This prestigious recognition is presented to nursing professionals across the country for their outstanding dedication, service, and contributions to healthcare. Speaking on the honour, Biswas said: "Nursing is a noble service. Being recognised with the National Florence Nightingale Award is a great honour. It energises me to continue serving with empathy, integrity, and dedication. I am grateful to Fortis Hospital for supporting my journey and to the ministry." Fortis Healthcare congratulated Biswas on this exceptional achievement and remains committed to empowering and celebrating the nursing community at the heart of patient care. "This moment stands as a proud milestone not just for Biswas, but for the entire Fortis family. Her recognition serves as a reflection of the hospital's deep-rooted values in clinical excellence and its commitment to nurturing healthcare professionals who go above and beyond in service to the community," said a hospital spokesperson.
Indian Express
4 days ago
- Health
- Indian Express
All big hospitals in city to come under Ayushman scheme, says Delhi Govt
All the 'big hospitals' of Delhi will now be brought under the Ayushman Bharat insurance umbrella in the next '20-25 days', Health Minister Pankaj Singh told The Indian Express as the Rekha Gupta-led BJP government in the Capital completed 100 days in power Friday. Singh's remarks are significant because major private hospital groups in Delhi, such as Max, Fortis and Apollo, have not yet come on board the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (PMJAY) — the scheme's dashboard currently includes 82 other private hospitals, apart from 11 government facilities. According to Singh, private hospitals in Delhi were hesitant to sign up because the previous AAP government did not clear pending payments under other schemes. 'They did not make the payment on time from Delhi Arogya Nidhi (the financial assistance scheme run by the Directorate General of Health Services). Now I ensure that in the next 20-25 days, all the big hospitals will be empanelled under Ayushman Bharat. I will talk to them soon,' the Health Minister said. Under Ayushman Bharat PMJAY, patients from poor households get health insurance of up to Rs 5 lakh, and Rs 5 lakh for patients above the age of 70. While Centre offers a cover of Rs 5 lakh, Chief Minister Rekha Gupta had said after her Cabinet's first meeting that the Delhi government would provide an additional top-up of Rs 5 lakh to beneficiaries. Records show that more than 3.16 lakh beneficiaries have been registered so far from poor households, and 30,000 above the age of 70. Beneficiaries for the scheme are selected on the basis of National Food Security Act (NFSA) data, and Socio Economic and Caste Census 2011. So far, 601 beneficiaries have availed services under the scheme, Singh said. Healthcare representatives in Delhi, however, have called for a 'reality check' before the scheme is expanded. Currently, of 62 private hospitals under Ayushman Bharat for which details are publicly available, nine are eyecare facilities while others offer services related to general medicine, general surgery, obstetrics and gynaecology, and cardiology. Representing the Association of Healthcare Providers India (APHI), Dr Vipender Sabherwal, convenor for Ayushman Bharat, said, 'We have been in touch with the Union Health Ministry and government officials on pricing and rates, which do not match the requirements of good hospitals with all facilities. The amount being offered is meagre and not practical. Even our payments were not made on time under Ayushman Bharat.' Sabherwal said doctors' associations would get in touch with the Delhi government for further discussions. AHPI represents about 15,000 private hospitals, including Fortis, Max Healthcare, Manipal, Medanta, Narayana and Apollo. Meanwhile, the Delhi government is expected to launch 33 Jan Arogya Mandirs in place of AAP's mohalla clinics and government dispensaries on Saturday under the Centre's Pradhan Mantri Ayushman Bharat Health Infrastructure Mission scheme (PM-ABHIM). Health Minister Singh had earlier said the government would open 200 such centres. Each Arogya Mandir is expected to provide 12 service packages, including maternal and child healthcare, vaccinations, mental health services, elderly care, and treatment for communicable diseases. Each facility is mandated to maintain an essential drug list of 256 medicines, with in-house tests for blood sugar, haemoglobin, blood group, urine and pregnancy, among others — 90 other tests will be outsourced to Agilus Lab.
Yahoo
27-05-2025
- Business
- Yahoo
Are Utilities Stocks Lagging Fortis (FTS) This Year?
For those looking to find strong Utilities stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Fortis (FTS) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Utilities peers, we might be able to answer that question. Fortis is a member of the Utilities sector. This group includes 106 individual stocks and currently holds a Zacks Sector Rank of #2. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Fortis is currently sporting a Zacks Rank of #1 (Strong Buy). Over the past three months, the Zacks Consensus Estimate for FTS' full-year earnings has moved 4.9% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving. Based on the most recent data, FTS has returned 16.3% so far this year. In comparison, Utilities companies have returned an average of 7.4%. This shows that Fortis is outperforming its peers so far this year. Another Utilities stock, which has outperformed the sector so far this year, is Middlesex Water (MSEX). The stock has returned 8.7% year-to-date. Over the past three months, Middlesex Water's consensus EPS estimate for the current year has increased 4.6%. The stock currently has a Zacks Rank #2 (Buy). Breaking things down more, Fortis is a member of the Utility - Electric Power industry, which includes 60 individual companies and currently sits at #55 in the Zacks Industry Rank. On average, stocks in this group have gained 7.5% this year, meaning that FTS is performing better in terms of year-to-date returns. Middlesex Water, however, belongs to the Utility - Water Supply industry. Currently, this 12-stock industry is ranked #88. The industry has moved +16.9% so far this year. Investors interested in the Utilities sector may want to keep a close eye on Fortis and Middlesex Water as they attempt to continue their solid performance. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Fortis (FTS) : Free Stock Analysis Report Middlesex Water Company (MSEX) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Fashion Value Chain
27-05-2025
- Health
- Fashion Value Chain
S.L. Raheja Hospital, Mumbai Completes 50 TAVI Procedures, Showcasing Excellence Minimally Invasive Heart Solutions
This milestone marks a major leap in delivering safer, faster, and more effective heart valve treatment for elderly and high-risk patients, setting high benchmarks for the hospitals Structural Heart Program In addition to its excellence in Cardiology, S.L. Raheja Hospital-a quaternary care center in Mumbai-offers advanced care in Oncology, Neurology, Orthopedics, Critical Care, Diabetology, and other specialties, ensuring comprehensive, patient-centered treatment Clinicians at the Department of Interventional Cardiology and Structural Heart Intervention at S.L. Raheja Hospital, Mahim – A Fortis Associate have successfully performed 50 Transcatheter Aortic Valve Implantation (TAVI) procedures – marking a significant milestone for cardiac care in the Mumbai region. This milestone puts S.L. Raheja Hospital, Mahim, at the forefront of cardiac care in Mumbai, with one of Mumbai's most advanced Structural Heart Programs. The milestone was achieved under the leadership of Dr. Haresh Mehta, Director – Interventional Cardiology and Structural Heart Interventions, along with Consultant – Interventional Cardiologists Dr. Kayan Siodia and Dr. Raghav Nagpal. (L-R) Dr Raghav Nagpal, Dr Haresh Mehta & Dr Kayan Siodia, Interventional Cardiology & Structural Heart Team at S.L. Raheja Hospital, Mumbai – A Fortis Associate TAVI is a minimally invasive procedure used to replace a narrowed Aortic Valve that fails to open properly, a condition known as Aortic Stenosis. It can be potentially life-changing for elderly and high-risk patients who are not suitable for open-heart surgery. Among the 50 procedures performed, the team has successfully navigated many complex cases – including bicuspid aortic valves (typically more challenging due to having two cusps instead of three) and extremely narrow femoral arteries, sometimes as small as 4.95 mm. In rare cases where femoral access was not feasible, the team has also performed trans carotid (neck-access) TAVIs with excellent results – demonstrating both technical expertise and adherence to standardized global best practices. Talking about the benefits of TAVI, Dr. Haresh Mehta, Director – Interventional Cardiology and Structural Heart Interventions, S.L. Raheja Hospital, Mahim – A Fortis Associate, said, 'Severe symptomatic Aortic Stenosis can limit a patient's life expectancy to just 2-to-5 years. Thus, TAVI, the procedure used to treat this condition, can bring about life-altering changes as it extends life, and also dramatically improves quality of life. Since it is minimally invasive, patients often feel relief within 24 hours of the procedure and are discharged within 48 hours – all without the need for open surgery, sutures, or any long recovery times. While TAVI is a key cardiac procedure, patients also benefit from a range of advanced treatments for other heart conditions, including pacemaker implantation, structural heart interventions, and coronary angioplasties.' Talking about the milestone, Dr. Kunal Punamiya, CEO, S.L. Raheja Hospital, Mahim – A Fortis Associate, said, 'This momentous achievement reflects our ongoing commitment to delivering cutting-edge cardiac interventions to those who need it the most. With this milestone, we continue to deliver world-class minimally invasive cardiac care that ensures improved outcomes, faster recovery, and enhanced quality of life. Our Structural Heart Program has been designed to provide cutting-edge cardiac therapies under one roof, which includes stenting and Angioplasty, Atherectomy, ICD and Pacemaker implantation, valve repair, and more. Additionally, we are equipped with a state-of-the-art Cath lab to support these advanced procedures.' This clinical achievement, like many others at S.L. Raheja Hospital Mumbai, reflect the hospital's unwavering commitment to compassionate care. It's milestones like these that allow the teams to keep pushing boundaries and touching lives – one patient at a time. About Fortis Healthcare Limited Fortis Healthcare Limited – an IHH Healthcare Berhad Company – is a leading integrated healthcare services provider in India. It is one of the largest healthcare organizations in the country with 27 healthcare facilities, ~4,750 operational beds (including O&M facilities), and over 400 diagnostics centers (including JVs). The Company is listed on the BSE Ltd and National Stock Exchange (NSE) of India. It draws strength from its partnership with a global major and parent company – IHH, to build upon its culture of world-class patient care and superlative clinical excellence. Fortis employs over 23,000 people (including Agilus Diagnostics Limited) who share its vision of becoming the world's most trusted healthcare network. Fortis offers a full spectrum of integrated healthcare services ranging from clinics to quaternary care facilities and a wide range of ancillary services.
