Fortis Healthcare

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.

(Oct 18): India’s stock market regulator has determined the former owners of the nation’s second-largest hospital chain defrauded the company of 4 billion rupees ($74.9 million) and ordered that they return it.

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

(May 18): IHH Healthcare has extended by two weeks the validity of its enhanced revised offer to acquire a stake in India’s leading hospital chain Fortis Healthcare.

SINGAPORE (Apr 25): IHH Healthcare is upping is bid for a stake in Indian healthcare provider Fortis Healthcare with a revised proposal that includes, among others, an immediate primary equity injection of 650 crore rupees ($130 million) by way of issuing

SINGAPORE (Apr 20): Maybank Kim Eng says Fortis could significantly enhance IHH Healthcare's position in India where it operates six hospitals and three medical centres while IHH could turnaround the lacklustre performance of Fortis due to legacy issu

(Apr 19): IHH Healthcare isn’t giving up its pursuit of Fortis Healthcare, the Indian hospital chain that’s becoming the center of a takeover battle.

SINGAPORE (Apr 17): CIMB is not revising IHH Healthcare's FY18-20 earnings estimates pending further developments on its bid for Fortis.

(Apr 17): Fortis Healthcare indicated its inability to engage with IHH Healthcare Berhad due to its “binding agreement” with TPG-backed Manipal Health Enterprises.

(Apr 13): Fortis Healthcare said it has received a joint investment proposal from two Indian business families, intensifying a race to gain control of the country’s second-largest private hospital chain.