SINGAPORE: IHH Healthcare hospitals in India admitted fewer patients from the United Arab Emirates and Saudi Arabia due to conflict in the Middle East, chief executive officer Prem Kumar Nair says in an interview at the Reuters NEXT Asia conference in Singapore.
IHH’s hospitals in Singapore have also been affected by the conflict as the company has long-term contracts with Middle-Eastern health authorities to take in critical cases.
IHH is one of the world’s largest private healthcare groups. It operates more than 80 hospitals across 10 countries, including Malaysia and Turkiye.
The United States-Israeli conflict with Iran has created one of the most uncertain periods for business in recent history, some corporate executives said at the conference, due to soaring energy prices, fractured supply chains and trade routes severed by disruption in the Strait of Hormuz.
IHH has a market capitalisation of around US$18bil, London Stock Exchange data showed. — Reuters
