Latest news with #IHH
Time of India
6 days ago
- Business
- Time of India
Fortis, Gleneagles India Collaborate under IHH to manage Operations
New Delhi: IHH Healthcare Berhad ('IHH') has announced a collaboration between its India subsidiaries - Fortis Healthcare Limited ('Fortis'), and Gleneagles Healthcare India Private Limited ('Gleneagles India'). The collaboration aims to drive stronger business performance and long-term sustainable growth. By combining the operational and financial strengths of Fortis and Gleneagles India, the partnership seeks to unlock significant synergies. According to IHH, this alliance will integrate the expertise of both brands across 11 states, enhancing patient care delivery and improving access to doctors. It is stated that under operation and maintenance services ('O&M Services') agreement, Fortis will manage the operations of five out of six hospitals under the Gleneagles India network. This agreement is conditional on receipt of acceptance and acknowledgement of relevant parties. Dr Prem Kumar Nair, Group Chief Executive Officer of IHH, said: 'The O&M Services agreement reflects our commitment to long-term growth in one of our most important markets, by deepening collaboration that will enhance patient care and outcomes and drive greater operational efficiencies. With our shared commitment and complementary strengths, we are creating a comprehensive pan-India hospital network to meet the evolving healthcare needs of millions across the country.'
Barnama
6 days ago
- Business
- Barnama
IHH Strengthens India Presence Through Fortis-Gleneagles Collaboration
KUALA LUMPUR, July 23 (Bernama) -- IHH Healthcare Bhd (IHH) has announced a strategic collaboration between its two Indian subsidiaries, Fortis Healthcare Ltd and Gleneagles Healthcare India Pvt Ltd, aimed at strengthening operational and financial synergies in the country. In a filing with Bursa Malaysia today, the group said the move involves an operation and maintenance services agreement under which Fortis will manage five out of six hospitals currently operated by Gleneagles India. 'This is a significant step towards strengthening IHH's pan-India healthcare platform with enhanced operational scale, clinical excellence, and geographical reach, while retaining their respective talent pool and autonomy in financial management.
Yahoo
09-07-2025
- Business
- Yahoo
IHH Healthcare pursues expansion in Indonesia and Vietnam
Malaysian hospital operator IHH Healthcare has set its sights on expansion into Indonesia and Vietnam to boost its scale amid escalating care expenses in the region, as reported by Bloomberg. Indonesia's healthcare reforms and relaxed foreign ownership rules, along with Vietnam's burgeoning market present new opportunities for growth, stated IHH Healthcare CEO Prem Kumar Nair. Prem Kumar Nair said: 'We get a lot of patients from Vietnam into our Singapore operations.' IHH runs over 80 hospitals across ten countries, encompassing Singapore, India, and China. The hospital operator is on an acquisition spree, having recently added Island Hospital in Malaysia to its portfolio in 2024. Its subsidiaries, Acibadem in Turkey and Fortis Healthcare in India have also expanded by purchasing additional hospitals in the past two years. IHH has a market capitalisation of $14bn. The group is tackling the challenge of rising import costs by bulk procurement of medical equipment, consumables, and generic medications, highlighted the news agency. This strategy aims to reduce the financial burden of imported goods, according to Nair. In China, IHH is focusing on solidifying its presence. The company has transitioned its clinic business into a profitable venture and is witnessing an increase in patient numbers at its Shanghai hospital. Despite China easing foreign investment restrictions in the healthcare sector, IHH remains cautious about further expansion, given the strong competition from the public sector, as further outlined by Bloomberg. Nair said: 'In China, the public sector is a very big competitor to private healthcare. 'We are the only foreign operator in China who has a combination of clinics, and an ecosystem, so we will build on it.' The company's growth plans are not limited to new markets. It also intends to increase hospital bed capacity by 33% from 2024 through 2028 in existing markets, adding 4,000 beds. For the first quarter, IHH reported a revenue of MYR6.29bn ($1.48bn), a 5.7% rise from the previous year. However, its profit dropped 33% to MYR514m, due to exceptional accounting adjustments. While Turkey, Singapore, and Malaysia are the current primary revenue sources, the company anticipates India to become a significant contributor due to the growing demand for private healthcare. Nair emphasised the importance of developing out-of-hospital care, such as ambulatory surgical and care centres, to mitigate cost pressures. IHH operates 60 such non-hospital healthcare facilities. While Singapore has established a comprehensive ecosystem and Hong Kong is progressing towards one, Malaysia's regulations currently prevent hospital operators from managing other healthcare facilities. IHH plans to appeal to Malaysia's Health Ministry to change this rule, hoping to expand significantly into the out-of-hospital sector. "IHH Healthcare pursues expansion in Indonesia and Vietnam" was originally created and published by Hospital Management, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
News18
09-07-2025
- Politics
- News18
Turkey Joins Pak In Building Mosques, Madrasas On India-Nepal Border: Security Concerns Explained
The growth of Turkish and Pakistani-supported religious facilities and networks in Nepal's border districts presents complex challenges for India, states an intelligence report Turkey or Turkiye is now a player in Nepal and is throwing a complex challenge to India's interest in collaboration with Pakistan, according to an intelligence report accessed by News18. The growth of Turkish and Pakistani-supported religious facilities and networks in Nepal's border districts presents grave and complex challenges for India, especially in the realm of regional security, demographic change, and the possibility of cross-border radicalisation, states the report. Turkey's action in Nepal, while newer, is important. The Turkish NGO IHH (Foundation for Human Rights and Freedoms and Humanitarian Relief), which is associated with extremist groups and is said to be financed and supported by the Turkish government and intelligence agencies, has extended its activities in Nepal's border regions. By its alliances with indigenous groups such as Islami Sangh Nepal (ISN)— a suspect for jihadist links—IHH has sponsored the building of mosques, madrasas, orphanages, and Islamic centers aimed at minority Muslim populations. The Turkish methodology seems to be dual: humanitarian access as a veil for ideological penetration, and the formation of a transnational network usable for political or strategic purposes. Turkish-sponsored religious institutions under the umbrella of the state development agency TIKA and guarded by Turkish intelligence (MIT) are blamed for spreading a specific brand of political Islam and logistical support to radical agenda-carrying groups. The presence of SADAT, a Turkish paramilitary organization affiliated with ISN, makes it suspicious about militia training and secret operations in the area. For India, the rise of Turkish-backed actors Pakistan's influence and security implications Pakistan, especially through its spy agency ISI, has played a crucial role in financing the fast spread of mosques and madrasas along the Indo-Nepal border, particularly in provinces bordering Uttar Pradesh, Bihar, and West Bengal. Intelligence sources point out that the number of mosques in Nepali provinces sharing a border with India increased from 760 in 2018 to 1,000 in 2021, and madrasas increased from 508 to 645 during the same timeframe. These institutions are not just religious establishments but are accused of fomenting anti-India feelings and giving shelter to criminals and extremist operatives operating in the border areas. The open India-Nepal border—much of it unfenced and cutting across rugged terrain—makes it easy for people, money, and even illegal goods to move. This openness has enabled Pakistani-sponsored groups to utilise Nepal as a base for launching terror operations against India. There is recorded proof of financial transfers and logistical aid for terror outfits such as Indian Mujahideen, Lashkar-e-Taiba, and Jaish-e-Mohammad being diverted via Nepalese soil. The network of guesthouses and madrasas that are said to harbor operatives from Pakistan and Bangladesh further complicates India's security mathematics, as these centers can be used as operational hubs or transit points for cross-border incursion and plotting. In addition, the population shifts in border districts—where Muslim numbers have expanded appreciably, and Islamic markers now dominate Hindu ones in a few villages—are considered by Indian intelligence to be a calculated attempt to reshape the social landscape and establish friendly local networks that can be mobilized for subversive operations. The demographic change, combined with the growth of unmonitored religious institutions, offers fertile ground for recruitment and radicalisation. Impact on India: Security, social cohesion and policy response The cumulative impact of Pakistani and Turkish interventions is the establishment of a combustible environment along the India-Nepal border. This is an environment that is marked by: Greater vulnerability to cross-border terrorism: The spread of foreign-funded mosques and madrasas offers infrastructure facilities that can be used by terrorist organizations for recruitment, indoctrination, and planning. Demographic and social changes: Increasing control by outside agents of border communities' identity and loyalties may frustrate India's attempts at ensuring social harmony and national integration in sensitive areas. Coping with border management challenges: The sheer volume of uncontrolled religious institutions makes surveillance and enforcement difficult, as government authorities will have to sort out genuine religious activity from fronts for subversive activities. Intelligence and diplomatic strain: India now has to deal not only with Pakistan's proxy networks but also the ideological extension of Turkey, calling for increased intelligence cooperation, tighter regulatory controls, and stronger engagement with the authorities in Nepal. top videos View all In retaliation, Indian authorities have mounted crackdowns on unlawful madrasas and mosques along a 10-15 km radius from the border, razing unauthorised buildings and closing off unrecognized institutions. Such measures are meant to reclaim public land, enforce legal norms, and interfere with possible hotbeds of radicalism. Nevertheless, the root causes—foreign financing, porous borders, and indigenous grievances—still simmer with intensity, calling for continued vigilance and cross-border cooperation. Pakistan and Turkey's strategic initiatives in Nepal's border states are a considered push to enhance their ideological and geopolitical presence in a region vital to India's security. Using religious infrastructure and capitalizing on local weaknesses, these players are redrawing the border terrain in such a manner as to imperil India's internal stability and regional interests. India's approach—based on law enforcement, intelligence activity, and diplomacy—will have to evolve to meet the changing character of this threat, juggling security requirements with the necessity of maintaining social harmony and religious freedoms. Get Latest Updates on Movies, Breaking News On India, World, Live Cricket Scores, And Stock Market Updates. Also Download the News18 App to stay updated! tags : india nepal border india Pakistan news18 specials turkey view comments Location : New Delhi, India, India First Published: July 09, 2025, 14:31 IST News explainers Turkey Joins Pak In Building Mosques, Madrasas On India-Nepal Border: Security Concerns Explained Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
The Star
09-07-2025
- Business
- The Star
IHH Healthcare eyes Indonesia, Vietnam for expansion
IHH Healthcare Bhd group chief executive officer Dr Prem Kumar Nair. — FAIHAN GHANI/The Star IHH Healthcare Bhd . is looking to potential new markets Indonesia and Vietnam as the Malaysian hospital operator continues building scale to offset rising healthcare costs in the region. Indonesia is attractive, thanks to its healthcare reforms and foreign ownership relaxation, while Vietnam has emerged as a booming market, according to Chief Executive Officer Prem Kumar Nair. "We get a lot of patients from Vietnam into our Singapore operations,' he said in an interview in Kuala Lumpur this week. The company currently operates more than 80 hospitals in 10 countries, including Singapore, India and China, and has been actively acquiring healthcare facilities in recent years. It bought Island Hospital Sdn. Bhd. in Malaysia in 2024. Its Turkish unit Acibadem and Indian affiliate Fortis Healthcare also purchased hospitals in their respective markets in the last two years. The company has $14 billion in market capitalization and is the most valuable listed hospital operator in Southeast Asia. The desire to widen expansion in the region comes as IHH looks to make up for rising import costs in the industry. The group is now procuring medical equipment, consumables and generic medications in bulk to cut costs on imported items, Prem Kumar said. IHH is also planning to consolidate its presence in China, according to Prem Kumar. It turned its clinic business into a profitable operation and is seeing rising number of patients at its hospital in Shanghai. Still, China's decision to ease restrictions on foreign investment in healthcare sector will not immediately sway IHH into expanding further in the world's second-largest economy. "In China, the public sector is a very big competitor to private healthcare,' he said. "We are the only foreign operator in China who has a combination of clinics, and an ecosystem, so we will build on it.' Read: China Opens More Manufacturing, Health Care to Foreign Money The company's priorities also include tapping growing opportunities in existing markets, where it's already committed to expanding hospital bed capacity by 33% from 2024 through 2028 - a 4,000 bed target. "There's no dearth of opportunities in the countries we operate,' he said. Beyond Hospitals IHH booked 6.29 billion ringgit ($1.48 billion) in first-quarter revenue, an increase of 5.7% from a year ago. Its profit slid 33% to 514 million ringgit, which the company attributed to exceptional accounting adjustments. Singapore, Turkey and Malaysia are currently its main revenue drivers, but the company expects India to become a major contributor in the coming years amid booming demand for private healthcare. With 35 hospitals, India already has IHH's biggest in-country network. Prem Kumar said he was focused on growing out-of-hospital care in IHH's markets - including ambulatory surgical and care centers, along with primary care centers - to help control cost pressures. The group currently operates 60 healthcare facilities that aren't hospitals. "If we depend on hospitals alone, healthcare costs are going to rise tremendously,' he said. Singapore already has such an ecosystem in place while Hong Kong is headed in that direction, Prem Kumar said. Still, its home market of Malaysia doesn't allow hospital operators to also run other healthcare facilities. IHH plans to make representations to Malaysia's Health Ministry in hopes the rule will be changed. "We definitely want to move, in Malaysia, into the out-of-hospital sector in a big way as well,' he said. IHH shares have declined 8.4% so far this year, while Malaysia's benchmark stock index has fallen around 7% amid concerns over US tariffs. - Bloomberg
