IHH seeks larger Fortis stake, 10,000 bed capacity in India as it expands global reach

Fortis Healthcare, a prominent Indian hospital operator, is set to nearly double its capacity to around 10,000 beds by 2030 through the expansion efforts of its investor, IHH Healthcare. Currently, Fortis operates in 36 facilities across the country, providing care to approximately 6,100 patients. IHH Healthcare aims to increase its ownership stake in Fortis to at least 51% in the coming years, from its current 31.1% share.

Currently, the Malaysian-listed group invests in various Southeast Asian markets, but is focusing on more organic growth strategies in mature markets like Malaysia and Singapore. In India, the company plans to invest around seven billion rupees (US$73.3 million) between 2026 and 2030 to add 400 beds annually to its existing hospitals.

The expansion is driven by a lack of adequate healthcare facilities, with public healthcare failing to serve the entire population. To support this growth, Fortis will also focus on increasing insurance coverage as demand for retail insurance rises among small business owners and shopkeepers. The company aims to achieve a 15% annual revenue growth and improve its Ebitda margin from 23% to 25% over the next few years.