The Hindu Business Line : Dr Trehan walks out of Escorts Heart, joins Apollo

HEARTY WELCOME: Dr Naresh Trehan (right) and Dr Pratap Reddy, founder and Chairman of the Apollo Hospitals Group, at a press conference in the Capital on Wednesday. — Kamal Narang

New Delhi May 30 The truce between the stakeholders of the Escorts Heart Institute and Research Centre turned out to be a short one. Dr Naresh Trehan, who had fought the Fortis Healthcare management's decision to sack him unceremoniously on May 18, has found a new employer in Apollo Hospitals.

Accompanied by a team of 50, which includes a number of doctors, Dr Trehan will start work at the Indraprastha Apollo Hospitals from June 4.

"We would like to welcome Dr Trehan to join us in serving the national interest of better cardiac care," said Dr Pratap C. Reddy, founder and Chairman of the Apollo Hospitals Group, at a news conference in the Capital today.

When asked if Apollo could partner him in his Rs 100-crore project, Dr Trehan said: "There is no hidden agenda in this association. I don't know about the future but this is certainly an evolving association."

Less than a fortnight after hurling accusations at each other, filing and then withdrawing police complaints and making legal petitions, and then seemingly making up with the Mr Shivinder Mohan Singh-led management last Friday, Dr Trehan today said that he did not want to revisit the last 10 days and was disassociating himself from the Fortis Group.

When contacted, Mr Singh initially said that he was unaware of any new developments.

Later, in a rushed teleconference arranged an hour before Apollo Hospitals's scheduled announcement, Mr Daljit Singh, President (Strategy and Organisational Development), admitted that the development had taken Fortis by surprise.

The Ranbaxy-promoted company also maintained that there were no other resignations and that the management hadn't discussed buying out Dr Trehan's 10 per cent stake in the company.

The shareholding of the company is currently frozen as the sale is under litigation.

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