Singh brothers welcome IHH-Fortis deal
On the day the country’s secondlargest private health care company chose a new owner, the erstwhile promoters of Fortis Healthcare, Malvinder Singh and Shivinder Singh, welcomed the move. “We are happy to note the successful completion and selection of IHH as the partner for Fortis,” the Singh brothers said. Unlike Ranbaxy, the drug major that the brothers inherited and subsequently sold to Daiichi Sankyo, they co-founded Fortis with one hospital in 2001. Commenting on the future prospect of the healthcare chain, the brothers said they were confident that the organisation would grow stronger under the new ownership.