Fortis Healthcare Ltd on Thursday said its Chief Executive Officer (CEO) Bhavdeep Singh has resigned from the position.
Fortis said Singh led the company for the past three and a half years including during the past two years when the company went through a period of high turbulence. The resignation follows a recent exit by another top executive. On August 30, the company’s Chief Financial Officer (CFO) Gagandeep Singh Bedi had resigned citing personal reasons.
Fortis Healthcare had reported a larger net loss during the quarter ended September due to impairment of “goodwill and investments”.
Its net loss for the period under review increased to Rs 142 crore from a net loss of Rs 23.61 crore in the corresponding period of the previous fiscal.
In July 2017, its board had unanimously accepted a binding offer from IHH Healthcare Berhad of Malaysia to invest Rs 4,000 crore in it by way of preferential allotment at Rs 170 per share.