Four Directors from IHH Healthcare Appointed to join the Board of Fortis Healthcare
The Silicon Review
13 November, 2018
IHH Healthcare, Asia’s largest private healthcare group has made an announcement that it has appointed four directors to visit and join the Fortis Healthcare team in India. The announcement was made public on Tuesday.
The members of IHH Healthcare will join Fortis team board. A few peoplewill form the interim leadership group which includes Ravi Rajagopal (Chairman of Fortis), Bhavdeep Singh (former chief executive of Fortis) and Shivinder Singh (Founder of Fortis).
On Wednesday, the members of IHH Healthcare will attend the press, after that, on the same day; they will be meeting doctors and employees of the Gurugram branch. On the next the next day IHH members will fly to Bangalore.
According to sources, IHH Healthcare has also planned to acquire RHT, Religare Health Trust, the trust that owns few assets of Fortis Healthcare.
The board meeting will likely discuss Fortis’s payment structure, its liquidity requirements, equipment maintenance,and infrastructure upgrades.
There are 34 hospitals which are operated by Fortis Healthcare across several Indian cities. In its fiscal year 2018, the hospital’s doctors and staffs catered around 2.6M patients. There are 4,600 beds, 2000 doctors and 13,200 supporting staffs across its branches.
The IHH-Fortis deal was approved by the Competition Commission of India (India’s antitrust regulator) on 30 October. Now, IhH has the chance to acquire a controlling stake in Fortis for about Rs.4000 crore.
YOU MAY ALSO LIKE
Tariff plans will cost higher from the next financial year as telecom companies are gearing up to increase rates
The ongoing Covid pandemic had significantly increased the number of mobile and internet users worldwide. The high amount of usage is expected to drop...
Business Travelers to Stay at Singapore’s Changi Airport Bubble
Singapore’s open economy depends heavily on tourism and business. But its vibrant but small economy has been hurting as the circumstances due to...
Countries in Asia-Pacific are marching towards ‘green recovery’ amidst Covid-19 crisis
2020 has been an unforgettable year for many of us. The ongoing Covid crisis has reminded people that it is very important to have an uninterrupted an...
Department of Telecommunication to announce the new schedule for 5G trials
Department of Telecommunications (DoT) is all set to announce the new schedule for 5G trials. The Dot made this decision after being pulled by the par...
