Fortis Healthcare

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

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

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.

(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

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

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.

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).

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

(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.

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.