Malaysia’s healthcare major IHH Healthcare Berhad is readying a counter bid for Fortis Healthcare’s hospitals business.
According to a Bloomberg report, IHH plans to write to the Fortis board about its plans to make a counter offer. The report added that the company is contemplating a cash offer for Fortis and is even considering taking its offer directly to shareholders if its approach is rejected by the board. In 2017, there was talk that IHH was interested in Fortis but the company had denied the reports.
