Sensex-listed Fortis Healthcare group, with a combined revenue of over US$1 billion ($1.3 billion), may consider a listing on the SGX as well, reported Channelnewsasia.com.
The group is on track to becoming one of the largest healthcare networks in the Asia Pacific despite failing in a $3.2 million bid to takeover Parkway Holdings.
Fortis Healthcare India also looks determined to establish a foothold in the region with Singapore as its base.
Yesterday, it announced plans to acquire Fortis Healthcare International in Singapore and merge with its India business to form a network of over 74 hospitals with over 12,000 beds and 23,000 employees.
Fortis Healthcare group chairman Malvinder Mohan Singh was reported as saying: “We would definitely like to leverage on Singapore as a headquarter and as a vehicle for growth into the future. The project in Adam Road is a start of our commitment to healthcare in Singapore. We will, over the course of the next many years, continue to build organically and inorganically and play a leading role in the healthcare market.”
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