Fortis Healthcare Ltd operates the second largest hospital chain in the country and the top diagnostics services business under SRL. After buying some assets from its promoters in Asia Pacific it became one of the first Indian healthcare firms to build a strong overseas business.
However, it took a u-turn from its previous strategy of going international, by selling two of its largest overseas healthcare assets in Vietnam and Australia and is now focusing on India. It also went asset light by spinning out physical assets into a Singapore-listed entity.
In a conversation with VCCircle Aditya Vij, chief executive officer, Fortis Healthcare Limited spoke about the growth pipeline, new focus areas, expansion strategy to penetrate into geographies it is not present in and why they choose to be asset-light.