Fortis Healthworld, a Religare Group company, will acquire pharmacy retail chain CRS Health, a Delhi-based pharmaceutical and wellness retail chain for Rs 15 crore. Under the deal, Fortis HealthWorld will acquire all 27 retail stores and four warehouses of CRS Health in India. CRS Health has significant presence in South and West India.

Apart from this, Fortis is also planning to rebrand itself and the pharmaceutical chains it acquires in future as Religare Wellness. Currently, Fortis has around 40 stores and plans to expand its presence to over 100 cities in 18-24 months. By fiscal 2012, Fortis HealthWorld aims to have a chain of 1000 stores across country covering 400 cities with an investment of Rs 800 crore The acquisition and integration under the Religare Wellness brand is expected to be completed within one month.