Bhavdeep Singh quits Fortis; Vishal Bali promoted to CEO

Hospitals major Fortis Global Healthcare Holdings Pvt Ltd has appointed Vishal Bali as its chief executive officer to replace Bhavdeep Singh, who resigned as chief executive on Monday.

Bali, currently the incumbent chief executive officer of Fortis Hospitals in India, would assume his new position with immediate effect, the company, promoted by Malvinder Mohan Singh and Shivinder Mohan Singh, said in a statement from its New Delhi headquarters.

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

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

The company said that a leader in the change management of the healthcare sector in India, Bali has spent 19 years running the Wockhardt Hospitals Group in India, until the acquisition of its 10 Hospitals by Fortis in 2009.

Bhavdeep Singh earlier explained his resignation saying, ''I am leaving Fortis Healthcare due to family reasons and will go back to the US.'' He has already put in his papers, but will continue to lead the organisation until mid-January.