Merger discussions between two healthcare companies, Aster DM Healthcare and Quality Care India, are in their final stages. It is expected that a share swap deal will be finalized soon, with US private equity firm Blackstone acquiring a majority stake in the newly formed entity.
The proposed agreement involves Quality Care merging with Aster DM Healthcare, resulting in the combined organization being rebranded as Aster DM Quality CARE. The Moopen family, who previously sold their hospital chain in West Asia, and private equity firm TPG, will retain minority stakes in the merged company.