KUALA LUMPUR (Nov 15): IHH Healthcare Bhd, the new controlling shareholder of Fortis Healthcare Ltd, plans to rebrand the Fortis' chain of hospitals once litigation around the Fortis brand is over.

According to a report on India business portal business-standard.com today, IHH’s managing director and chief executive officer Dr Tan See Leng said the group would use one of IHH's brands, as long as it makes economic sense.

“Within the IHH umbrella, we have a number of brands we can use. Some of the brands are familiar. We will use it where it makes economic sense. But, the priority is to fix the financials and arrange funding,” Tan was quoted as saying.

The report also said Fortis now pays Rs5 million fees annually to former promoters to use the Fortis brand, while the battle over the brand is now being fought at a district court in Delhi.

Some of IHH's well-known brands are Parkway, Pantai, Mount Elizabeth and Gleneagles.

At 4.03pm today, IHH was trading at RM4.60, down one sen or 0.22%, giving it a market capitalisation of RM38.09 billion.