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Lot of acquisition in 2011 for Fortis: Malvinder Singh
January, 10th 2011

Fortis Group's overseas arm Fortis Global Healthcare will focus on Asia, Australia and the Middle East as it eyes "a lot of acquisition" this year, its promoter Malvinder Singh has said.

"Fortis Global will go for a lot of acquisitions in 2011. Our focus is on Asia, Australia and the Middle East," Singh told mediapersons after the opening of the group's new hospital here Sunday.

"(Acquisition) Opportunities lie in the Asian countries... China is a potential market," he said.

Malvinder Singh said the company was now evaluating the pros and cons of getting listed on the stock exchange in the near future.

Malvinder Singh owns Fortis Global jointly with his younger brother Shivinder Singh .

Asked about the country's healthcare sector, he said supply was far short of the demand.

The company would continue to stress on capacity expansion in the country as it strives to be a pan-India player.

"We will set up eight to 10 new hospitals in the next 24 months in India," he said.

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