Khazanah bid for Parkway brings Fortis-Apollo rivalry in the open

Fortis Healthcare promoter Malvinder Singh’s dream of developing a unique global healthcare model through the Singapore-based healthcare firm Parkway Holdings has come under challenge. Khazanah Nasional Bhd, an investment arm of the Malaysian government, on Thursday made a $835-million offer to raise its stake in Parkway Holdings to 51 per cent from the current 23 per cent