IHH Healthcare Targets 7,000-Bed Capacity in India by 2028
IHH Healthcare has reiterated that it is on course to expand its hospital capacity in India to nearly 7,000 beds by 2028, marking an increase of over one-third from its current scale. The update comes after the successful completion of its open offer to acquire an additional stake in Fortis Healthcare. Following the open offer, IHH’s ownership now stands at 31.17% in Fortis Healthcare and 62.73% in Malar Hospitals. The company said the milestone positions it strongly for the next phase of growth in the Indian market. IHH Healthcare Group CEO Prem Kumar Nair said the conclusion of the Fortis open offer is a key step in advancing the group’s India strategy, aligning with its broader transformation efforts aimed at strengthening long-term resilience. He added that the company is well placed to drive innovation, enhance patient outcomes, and create sustainable value amid India’s rapidly evolving healthcare sector. Nair also highlighted that closer collaboration between Fortis Healthcare and Gleneagles Healthcare India will help unlock operational efficiencies and further improve the quality of care delivered nationwide. Echoing this outlook, Ashok Pandit, Group Chief Corporate Officer at IHH Healthcare, said the company is steadily expanding its footprint and remains committed to adding nearly 2,000 beds by 2028. Currently, IHH operates 35 hospitals with over 5,000 beds across 11 states in India, leveraging both operational and financial synergies to support its growth ambitions. Globally, IHH Healthcare has operations in 10 countries, including Malaysia, Singapore, Turkiye, India, and Greater China. Source: PTI
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