It had acquired a 31.17% stake in Fortis Healthcare in 2018, while it bought a 73.4% stake in Global Hospitals in 2015 and later renamed it Gleneagles. IHH plans to increase bed capacity at its hospitals in India from 7,000 to nearly 10,000, says Prem Kumar Nair, Group CEO, IHH Healthcare. In an interview with Business Today's Neetu Chandra Sharma during a recent visit to India, Nair, 63, who took charge in October 2023, talks about IHH's M&A strategy, the opportunities in India, and exploring new markets, among other things.
Edited excerpts:
Q: How does IHH plan to leverage its investments in Fortis and Gleneagles to drive growth in India over the next five years?
A: IHH is one of the largest healthcare groups globally.
We operate more than 80 hospitals with a workforce of 70,000 across 10 countries. Historically, our founding markets were Singapore and Malaysia, with the Parkway and Pantai brands, which were later rebranded.
We then acquired Acibadem and took the company public. Fortis was our next major acquisition... As a physician, I can see that India performs a lot of advanced clinical work, such as robotics and complex transplants, with very good patient outcomes.
Fortis, in particular, has undergone significant transformation. Despite its past challenges, it is currently performing well operationally... Fortis has shed some less profitable assets, acquired new ones, particularly in the National Capital Region, and is expanding, with plans to add nearly 2,000 more beds over the next five years. We have also recapitalised Gleneagles, which is almost entirely under our control now, and we are expanding several of its facilities.
Q: What are the opportunities the Indian market offers? What is your growth strategy, including inorganic growth?
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
"Focus on the challenge of each customer"
SHASHANK KUMAR MD & CO-FOUNDER I RAZORPAY Razorpay is India's first full-stack financial solutions company
PEDAL ON THE FUTURE
THE MG WINDSOR EV, WITH ITS FUTURISTIC AND MINIMALIST DESIGN, COMBINES THE BEST OF BOTH WORLDS-COMFORT AND TECHNOLOGY
BREATHE EASY
Whether you're battling allergies, looking to remove pollutants, or simply want to breathe easier, the right air purifier can make a difference
The Taste of India in a Glass
FROM ROYAL LIQUEURS TO DISTILLED MAHUA, INDIAN HERITAGE ALCOHOLIC BEVERAGES ARE HAVING THEIR DAY IN THE SUN
LOOK BEFORE YOU LEAP
IN 2025, INVESTORS WILL NEED TO FACTOR IN VOLATILITY ACROSS ASSET CLASSES
MISSING ADVISORS
INDIA HAS JUST ONE INVESTMENT ADVISOR FOR NEARLY EVERY 200,000 INVESTORS. AT A TIME WHEN RETAIL PARTICIPATION IN THE STOCK MARKETS IS BOOMING, THIS ASSUMES SIGNIFICANCE
TURNING A CORNER
SHARED ELECTRIC MOBILITY START-UP YULU'S SHIFT TO SERVICING THE QUICK COMMERCE SECTOR IS HELPING IT GROW FAST. IT IS NOW FOCUSSING ON IMPROVING ROAD SAFETY FEATURES AS IT TURNS EBITDA POSITIVE
REALITY CHECK
INDIAN STOCK MARKETS PLUNGED BEGINNING OCTOBER FOR A HOST OF REASONS, INCLUDING A FALL IN FII OWNERSHIP. HOW DEEP WILL THE CORRECTION BE?
TRUMP'S TRADE TANGO
The return of Donald Trump as the 47th President of the US has put the global economy on edge. India, too, is unlikely to remain unaffected. How will policymakers meet this latest challenge?
"The essence of the Trump administration will be transactional”
Global investor, analyst, and best-selling author Ruchir Sharma decodes why Donald Trump won the elections, what India should do, the risks, and more
