Fortis gets new CEO in global foray

Malvinder and Shivinder Singh-promoted Fortis Global Healthcare Holdings has appointed Vishal Bali as its chief executive officer.

Bali, the incumbent CEO of Fortis Hospitals in India, will assume his new position with immediate effect, the company said on Monday.

Fortis Hospitals is part of the 50-hospital chain owned by the Mumbai-listed Fortis Healthcare Limited. The Singh family also owns a majority stake in Fortis Healthcare.

Bali will lead Fortis Global Healthcare in the creation of a pan-Asia integrated healthcare business.

“We are extremely pleased that Vishal is taking on the role of CEO at Fortis Global, our vehicle of growth for international healthcare businesses,” said Malvinder Mohan Singh, executive chairman of Fortis Global Healthcare.

“I look forward to the several opportunities that lie ahead of Fortis Global,” Bali said.

Besides serving on the board of Fortis Hospitals, Bali is a member on the Strategic Initiatives group of Joint Commission International in the US, and on the Global Agenda Healthcare Council of the World Economic Forum in Switzerland.

Bali has spent 19 years running the Wockhardt Hospitals Group in India, until the acquisition of its substantive assets (10 bospitals) by Fortis in 2009.