Fortis Healthcare appoints new CEO
Ashutosh Raghuvanshi has been with the Bengaluru-headquartered Narayana Hrudayalaya for 18 years.
Ashutosh Raghuvanshi has been with the Bengaluru-headquartered Narayana Hrudayalaya for 18 years.
With the Supreme Court putting a status quo on the deal between the country’s second-largest hospital chain and Malaysian player IHH Healthcare Berhard, the Fortis Healthcare saga continues.
Former Ranbaxy promoter dissociates with brother; case also names former Religare chief Godhwani.
IHH Healthcare beat TPG-backed Manipal Hospital Enterprises with its offer of an investment of Rs 4,000 crore at a price of Rs 170 per equity share.
As two more suitors walk out of the bidding war for Fortis citing financial irregularities, its future hangs in the balance.
The fight for India’s second-largest hospital chain is getting more complicated by the day. We look at the main contenders and what each brings to this battle.
Editor’s letter from the June 2018 issue.