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IHH Healthcare to use one of its brands for Fortis, says CEO Tan See Leng

Mount Elizabeth, Gleneagles, Parkway and Pantai are some of the well-known IHH brands in Asia

Veena Mani  |  New Delhi 

Fortis Healthcare

Malaysian health care major IHH Healthcare Berhad, which became the controlling shareholder of India's second-largest hospital chain Healthcare Ltd (FHL) this week, said it would take a call on the branding of the hospital once litigation around the brand was over.

IHH’s Managing Director (MD) and Chief Executive Officer (CEO) said they would use one of the IHH brands wherever they felt it was needed. He is also a nominee on the board. Leng said: “Within the IHH umbrella we have a number of brands we can use. Some of the brands are familiar. We will use it where it makes economic sense.

"But, the priority is to fix the financials and arrange funding." Fortis pays Rs 5 million as fees annually to the former promoters to use the Fortis brand, IHH and Fortis said on Wednesday.

ALSO READ: Fortis board approves appointment of four nominees of IHH Healthcare

The battle over the Fortis brand is now being fought at a district court in Delhi. Parkway Pantai is one of Asia's largest integrated health care groups with 29 hospitals in the region — Malaysia, Singapore, India, and China, among others.

Mount Elizabeth, Gleneagles, Parkway and Pantai are some of the well-known IHH brands in Asia.

First Published: Thu, November 15 2018. 01:09 IST
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