IHH Healthcare completed the acquisition of a 31% stake in Fortis Healthcare for $560m.

IHH Healthcare Berhad, a Malaysian–Singaporean private healthcare group focused on upmarket health services, completed the acquisition of a 31.1% stake in Fortis Healthcare, a chain of hospitals, for $560m. “The acquisition of a controlling stake in Fortis Healthcare, one of the leading healthcare service providers in India, represents a transformational investment for IHH and demonstrates our commitment to investing considerable resources to expand and consolidate our footprint in India. With a clear and holistic strategy in place, we will work closely with Fortis’ Board and management to pave the way for Fortis Healthcare to realize its full potential in the long run. We look forward to continue providing the best-in-class healthcare services and delivering excellent clinical outcomes for patients that both IHH and Fortis Healthcare are known for,“ Tan See Lang, IHH Managing Director and CEO.