New Delhi: IHH Healthcare Berhad (“IHH”) has announced a collaboration between its India subsidiaries – Fortis Healthcare Limited (“Fortis”), and Gleneagles Healthcare India Private Limited (“Gleneagles India”).
The collaboration aims to drive stronger business performance and long-term sustainable growth. By combining the operational and financial strengths of Fortis and Gleneagles India, the partnership seeks to unlock significant synergies.
According to IHH, this alliance will integrate the expertise of both brands across 11 states, enhancing patient care delivery and improving access to doctors.
It is stated that under operation and maintenance services (“O&M Services”) agreement, Fortis will manage the operations of five out of six hospitals under the Gleneagles India network.
This agreement is conditional on receipt of acceptance and acknowledgement of relevant parties.
Dr Prem Kumar Nair, Group Chief Executive Officer of IHH, said: “The O&M Services agreement reflects our commitment to long-term growth in one of our most important markets, by deepening collaboration that will enhance patient care and outcomes and drive greater operational efficiencies. With our shared commitment and complementary strengths, we are creating a comprehensive pan-India hospital network to meet the evolving healthcare needs of millions across the country.”
