Fortis Healthcare

Company in the news

IHH Healthcare's Fortis announces divestment of Chennai hospital for INR1.28 bil

The divestment includes the business operations of Malar Hospital as well as its related real estate assets.


IHH Healthcare says no wrongdoing found in Fortis investment

In its statement, IHH expressed its commitment to “stand firm” on Fortis’ side to “continue this growth journey”.


IHH looks beyond Covid; analysts see turnaround in 2HFY2020

The year 2020 has indeed been challenging for IHH’s Singapore operations because of Covid-19 and the practical closure of its borders, limiting inbound and medical tourists alike.

Company in the news

IHH seeks growth with 'cluster' game plan

(Feb 7): In his first interview with The Edge after taking over as managing director and CEO of IHH Healthcare in January this year, Dr Kelvin Loh Chi-Keon says the healthcare group is likely to tweak its strategy, with a focus on cluster intensive develo


IHH 2Q earnings up 12% as revenue expands on new buys, hospital rampups

KUALA LUMPUR (Aug 30): IHH Healthcare Bhd's earnings for 2Q19 ended June 30 rose 12% to RM184.99 million ($61 million) compared to RM165.11 million a year ago, as the group continues to book in contributions from two new acquisitions that were complet

Company in the news

New Fortis CEO plans fixes after Singh brothers' alleged fraud

MUMBAI (Aug 20): The new chief executive officer at Fortis Healthcare plans to cut a fifth of costs to resuscitate India's second-largest hospital chain after a regulator found it was defrauded of tens of millions of dollars by its former owners.


Fortis Healthcare aborts plan to sell stake in RHT Health Trust and trustee manager

SINGAPORE (June 18): Fortis Hospitals, India's leading private hospital chain, has decided to close the bidding and search process to explore the possibility of sale of interest in RHT Health Trust (RHT) and RHT Health Trust Manager (RHTTM).


IHH's journey to become one of the largest healthcare groups in the world

SINGAPORE (Apr 15): With operations in more than 10 countries, IHH Healthcare may be one of the world’s largest healthcare groups in the world. But it still has to grapple with rising costs, competition and scandal. The Edge Malaysia recently caught up

Stocks To Watch

Trio of troubles has Malaysia's IHH losing US$800 million in value

(Apr 2): The troubles are adding up for IHH Healthcare Bhd, wiping almost US$800 million ($1.08 billion) from its market value over three days.

Broker's Calls

Analysts look beyond IHH Healthcare's headline loss to maintain 'buy'

SINGAPORE (Nov 30): Analysts say IHH Healthcare’s 3Q18 headline loss of RM104 million ($34 million) did not come as a surprise, given the 30% q-o-q depreciation of the Turkish lira versus the US dollar.