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Fortis Healthcare
Delistings
RHT Health Trust to delist on Jan 31
Following the delisting, RHT's unitholders will have their units withdrawn from the CDP; confirmation notes will be issued to them
January 29, 2024
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.
November 24, 2023
Healthcare
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”.
September 26, 2022
Healthcare
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.
August 21, 2020
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
February 07, 2020
Results
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
September 02, 2019
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.
August 20, 2019
Healthcare
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).
June 18, 2019
Healthcare
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
April 15, 2019
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.
April 03, 2019