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A high-end IHH hospital room in Singapore: The rapidly expanding group is known for luxury facilities. © Getty Images

Hospital giant IHH seeks healthy returns on India and China bets

Messy legacy of newly acquired Fortis clouds Southeast Asian group's prospects

SINGAPORE -- For IHH Healthcare, acquiring India's second-largest hospital chain was always going to be a headache.

Fortis Healthcare was losing money and mired in legal issues stemming from allegations of embezzlement by its two founders, the Singh brothers. Yet, the opportunity was simply too big for the Singaporean-Malaysian conglomerate to pass up.

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