Fortis Healthcare is reportedly planning to exit Singapore healthcare business. In this regard, the company has put its Singapore assets up for sale as part of a push to focus on its domestic market
The company has expanded in countries from Australia to Vietnam. But in recent years, the company has cut its overseas exposure with sales of hospital stakes in Hong Kong, Australia, and Singapore. It has, in the process, reduced its debt levels.
It is now looking to sell its remaining Singapore interests, namely three hospitals, Fortis Surgical Hospital, RadLink-Asia and Singapore Radiopharmaceuticals, which could raise about $150 million.
