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Trehan joins Apollo, 70 others may follow

Trehan joins Apollo, 70 others may follow
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First Published: Thu, May 31 2007. 02 22 AM IST
Updated: Thu, May 31 2007. 02 22 AM IST
New Delhi: Entrepreneur-surgeon Naresh Trehan has parted ways with the Fortis Healthcare Group and resigned from the Escorts Heart Institute and Research Centre to join rival Apollo Group of Hospitals, India’s biggest hospital chain.
Up to 70 doctors from Fortis could leave Escorts and join Dr Trehan’s new employer. “We will know the exact number of doctors that Trehan is bringing along in a day or two. The process is going on right now,” an executive close to the Apollo Group who did not wish to be named ahead of a formal announcement said.
Apollo’s chairman Prathap C. Reddy, when asked about the Escorts doctors likely to follow Dr Trehan, said, “As many as he (Dr Trehan) wants. We have invited them from our side.” Apollo executives and Dr Trehan declined to answer other questions.
A Fortis release earlier said Dr Trehan will leave Escorts from 1 June. “As of now, only Dr Trehan is leaving. We are not aware of anyone else leaving,” said Daljit Singh, a Fortis director. Dr Trehan’s departure was not a part of Saturday’s peace settlement between the Fortis management and Dr Trehan. Differences between the two sides over the surgeon’s plans to set up a ‘MediCity’ surfaced two weeks ago when the management decided to sack him. But the Delhi high court allowed Dr Trehan unfettered entry into the Escorts hospital. Shares of Fortis shed 4.27% to close at Rs88.50 on Wednesday. The Fortis scrip has dropped 6.6% since 18 May when the controversy broke.
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First Published: Thu, May 31 2007. 02 22 AM IST
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