Aster DM Healthcare Ltd. is said to be nearing the completion of a merger with Quality Care India Ltd., a company supported by Blackstone Inc.

This merger is expected to result in the formation of one of the largest hospital chains in India, with an announcement anticipated to be made soon.

As per the terms of the agreement, Aster shareholders are expected to own approximately 57% of the newly established entity, while investors from Quality Care in Hyderabad would retain the remaining 43%.

This merger reflects the ongoing consolidation in the healthcare sector.