IHH Healthcare Berhad

IHH acquired a 31 per cent controlling stake in Fortis Healthcare in 2018 following a prominent bidding war against domestic and international companies.

IHH acquired 31 per cent stake in Fortis last July, after a four-month bidding war involving rival hospital chains and private equity firms

The SC held former Ranbaxy promoters Malvinder Singh and Shivinder Singh guilty for violating its earlier order asking them not to divest their shares in Fortis Healthcare

IHH Healthcare, however, said the apex court's order does not impact acquisition of 31.1% stake in Fortis for Rs 40 billion, which was completed on November 13

The brothers, however, did not comment on issues around the Fortis brand

The hospital chain said it is committed to participating in bid for Fortis and extended the validity of its offer by a fortnight till May 29

In light of the expiry of the company's enhanced revised proposal on May 15, 2018, it extended the acceptance period of the same until May 29, 2018 after which it shall lapse, the letter said

IHH Healthcare Berhad, a healthcare group in which Malaysia government's sovereign wealth fund Khazanah Nasional holds majority stake, is consolidating its India platform by rebranding Global Hospitals, in which it holds a majority stake, under the brand Gleneagles. The company has sold more than half of its stake in Apollo Hospitals, which analysts expects is an action towards strengthening its presence in India."We are further consolidating our India platform by re-branding our Global Hospitals facilities under the IHH 'Gleneagles' brand. This will drive greater brand equity," said IHH Healthcare in response to specific queries on their India plan. The company, which has its presence in Asia and Central and Eastern Europe and the Middle East region, currently has five brands in its kitty - Mount Elizabeth, Gleneagles, Pantai, Parkway and Acibadem - in Asia and Central and Eastern Europe.IHH Healthcare announced acquisition of 73.4% Ravindranath GE Medical Associates Pvt Ltd, which ..