Apollo Hospitals expects healthy rivalry from IHH's Fortis Healthcare bid

Apollo Hospitals Enterprise (AHEL) has said Malaysian group IHH Healthcare’s acquisition of Fortis Healthcare would create a healthy competition, clarifying it is very early to say whether it would end the 50: 50 Apollo Gleneagles Hospitals (Kolkata) joint venture with IHH Healthcare.

Commenting on the Rs 40 billion acquisition of Fortis Healthcare, A Krishnan, chief financial officer of AHEL, said, “I would term it a healthy competition because IHH is a player of repute and is focused on return on investments.” IHH Healthcare has sold its entire stake in AHEL last year, through several block deals in the exchanges and made