Sounding undeterred by the threat Khazanah?s open offer to take control of Singapore-based Parkway Holdings poses, Malvinder Singh, promoter of Fortis Healthcare and current chairman of Asia’s largest hospital chain, spelt out his pan-Asia plans.
Singh, however, refrained from touching upon the topic of Khazanah?s attempted offer to up its stake to 51.5% from the current 23.1% and replace Fortis to become the largest shareholder in the company.
?We see huge opportunities that we want to be a part of within Asia. If you look at West Asia, North Asia, South-east Asia and South Asia, there?s huge opportunity for growth within the healthcare space,? Singh told the Singapore media.
?We will use the right vehicle for growth,? he added. Till recently, Fortis referred to Parkway as its ?vehicle for growth?, implying that it would drive the company?s overseas expansion. However, all indications point towards the fact that Fortis? vision of going global stands intact.
?Our aspirations have always been beyond India. There still remains huge opportunity for growth in India but we?ve reached a scale where we?re ready to go beyond India in healthcare,? Singh was quoted by the media in Singapore. He pointed specifically to markets such as Hong Kong, China, the Gulf countries, India, Singapore and Malaysia.