It's a calculated risk, but we'll turn Fortis around: IHH Healthcare CEO

In a Q&A, Tan See Leng says IHH can make Fortis Hospital a centre of excellence, a one-stop multi-disciplinary type of set-up that offers comprehensive treatment

IHH Healthcare Bhd, which runs hospitals across Malaysia, Singapore, Turkey and India, has been pursuing the acquisition of Fortis Healthcare for almost 18 months. The Malaysian group lost out in earlier bids, but bagged the asset after a long-drawn bidding war. Dr Tan See Leng, IHH's group CEO spells out the company plans in an interaction with Aneesh Phadnis. Excerpts.

How come the price offered by IHH now (Rs 170 per share) is lower than the last bid?

We have looked at Fortis Healthcare's audited financial statements, and the auditor qualifications. We have taken into account all the findings of