SINGAPORE (July 13): Dr Tan See Leng, managing director and CEO of IHH Healthcare, is in a buoyant mood. And he deserves to be.

After a long-drawn takeover battle that has stretched for months, Malaysia-based IHH today emerged victorious as it was announced as the preferred bidder to acquire a controlling stake in Fortis Healthcare, India’s second-largest hospital chain.

“We did not compromise on our ideals and principles,” Tan tells The Edge Singapore in an exclusive interview. “We had insisted all along that we needed to have due diligence and we asked them to open the books.”

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