India: New Fortis CEO plans to cut costs to revive hospital

India: New Fortis CEO plans to cut costs to revive hospital

The logo for Fortis Healthcare India Ltd.'s Renkare dialysis clinic is displayed at the clinic's reception area in New Delhi, India. Photographer: Prashanth Vishwanathan/

The new chief executive officer at Fortis Healthcare Ltd. plans to cut a fifth of costs to resuscitate India’s second-largest hospital chain after a regulator found it was defrauded of tens of millions of dollars by its former owners.

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