Malaysia’s IHH Healthcare to bid for Fortis
So far, IHH has 50 hospitals in 10 countries and earns its highest per-capita revenue in Singapore, where inpatients bring in an average of $6,400 per admission.
Malaysia healthcare group IHH Healthcare Bhd plans to make an open offer to buy shares in India’s Fortis Healthcare Ltd
According to a report in The Economic Times, IHH is readying $1 billion (approximately Rs6,499 crore) for deal.
It has hired investment bank Citi to advise on the deal.