IHH Healthcare auditor issues qualified opinion

The Business Times | Mar 27, 2020 at 12:00 AM
  • IHH had completed the acquisition of Indian hospital chain Fortis Healthcare and its subsidiaries on Nov 13, 2018.
  • Prior to the deal, an investigation report by an independent legal firm was submitted to the former Fortis board, indicating systematic lapses and/or override of internal controls.
  • The Fortis group had also initiated enquiries of the management of entities within the group.