The white knight that waited too long

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.