Daily News
IHH Healthcare To Take Over Mumbai’s Iconic Jaslok Hospital
IHH Healthcare Berhad will soon take over Jaslok, one of Mumbai’s oldest hospitals in an operations management deal. IHH bought acquired a 31 percent stake in Fortis Healthcare in 2018 and pumped in Rs 4,000 crore in the firm.
Sources told Mumbai Mirror that the agreement was arrived at after many rounds of negotiation between the management of Jaslok and IHH. Jaslok’s chief trustee NG Chanrai met with Tan See Leng, MD and CEO of IHH Healthcare.
Other healthcare firms from India and overseas, including KKR-backed Radiant Life Care, were interested in Jaslok but none of the deals worked out. Radiant had entered a profit-sharing agreement with Mumbai’s Nanavati Hospital in 2014, like IHH’s deal with Jaslok.