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Fortis to expand Escorts network post court ruling

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With the litigation between Escorts Heart Institute and Anil Nanda behind him, Fortis Healthcare Managing Director Shivinder Mohan Singh said the company will now focus on growing the Escorts network and brand. “Now we are free to do what we have planned for Escorts Heart Institute and Research Centre (EHIRCL). We intend to grow the Escorts network and the brand,” Singh told PTI. The Delhi High Court had last week rejected Anil Nanda’s petition that sought quashing of EHIRCL’s decision to convert the public trust hospital into a company. The civil suit, which was filed by Nanda in September 2005, was on the basis that merger of the two societies and the subsequent incorporation of the company was not valid. With the court ruling in their favour, Singh said it would facilitate “a lot of free movement and flexibility to our plans”. The company would be looking at opening more heart command centres. As of now, Fortis and Escorts together have 16 such centres. Singh added with the case now over, the company expects to get cheaper loans to fund expansion plans for Escorts. It was difficult for it to get loans due to the litigation. Escorts, that was acquired by Fortis in 2005, is present in Jaipur, Amritsar, Raipur and Faridabad.

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