RHT’s assets acquisition in India likely to have minimal impact on IHH
Maybank IB Research expects Fortis’ move to purchase RHT’s 19 hospital assets to lift IHH’s earnings slightly.
PETALING JAYA: The acquisition of RHT’s hospital assets in India by IHH Healthcare Bhd 
’s 31%-owned Fortis Healthcare Ltd will likely have minimal impact on IHH, according to Maybank IB Research.
The research house expected Fortis’ move to purchase RHT’s 19 hospital assets to lift IHH’s earnings slightly.
However, Maybank IB Research cautioned that IHH’s net gearing may increase significantly due to the purchase of RHT’s assets, once IHH’s mandatory open offer for a 26% stake in Fortis has been completed.
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