The white knight that waited too long

By DOREENN LEONG

AFTER seven long years, IHH Healthcare Bhd has finally received the long-awaited green light to proceed with its mandatory open offer for an additional 26% stake in India’s Fortis Healthcare and its subsidiary, Malar Hospitals.

The approval from India’s market regulator marks a major turning point in one of Asia’s most protracted cross-border healthcare sagas – one that has spanned courtrooms, boardrooms, and even shifts in corporate leadership.

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IHHHealthcare , FortisHealthcare , CrossBorderDeal , MergersAcquisitions , HealthcareMarket , IndiaExpansion

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