KUALA LUMPUR (June 20): IHH Healthcare Bhd has outlined three strategic priorities for the year ahead to strengthen its operations across its four home markets, namely Malaysia, Singapore, Turkey and India.
Its outgoing managing director and chief executive officer (CEO) Dr Tan See Leng said the group would achieve balance, focus and scale to drive performance at its existing and newly opened hospitals, ensuring it executed its plans well and integrate and consolidate the newly acquired assets, especially Fortis Healthcare Ltd.
"Our disciplined efforts at turning Fortis around are starting to pay off. You would have seen in its fourth-quarter results that for the first time Fortis reported an operating profit before tax.
"Indeed, I am pleased to share that we achieved all the targets in our 100-day plan for Fortis," he said in his speech during a media appreciation and Hari Raya Aidilfitri luncheon here, today.
IHH acquired a 31.17% shareholding in Fortis last November in a US$584 million (RM2.35 billion) deal.
"As its biggest shareholder, we are now the second largest private healthcare provider in India, one of the fastest growing markets for healthcare in the world," said Dr Tan.
He noted that he would be working closely with the IHH board of directors to ensure a seamless leadership transition.
"Rest assured that the group will be in good hands and we will continue to execute what has made IHH Healthcare successful all these years," he added.
Dr Tan will be leaving the group once his contract expires on Dec 31, 2019. Dr Kelvin Loh, who is currently Columbia Asia group CEO, will take over the helm of IHH starting next year.