Fortis Healthcare management charts recovery plan amid financial crisis

The silver lining is that despite losses, the consolidated Ebitda for the full year grew 7.4 per cent to Rs 3.89 billion

Even as debt-strapped Fortis Healthcare (FHL) is grappling with financial crisis, challenges to recruiting talent, and finding a suitor to invest in the health care major, the current management team is working to put the hospital and diagnostic major back on the growth path. 

Plans are afoot to start a new 250-bed multi-organ transplant centre at Arcot Road in Chennai, apart from expanding SRL Diagnostics’ footprint (target to open 100 new centres over the next 100 days), as well as rope in over half a dozen new specialist doctors to boost revenue. 

Fortis has recently raised around Rs 1.25 billion