Malvinder Singh

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.

(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.

(Jan 5): Fortis Healthcare is seeking a cash injection of as much as US$790 million ($1.05 billion) as part of its billionaire founders’ talks to sell their stake in India’s second-largest private hospital chain.