{
Aster DM Healthcare Limited

Companies

}
Aster DM Healthcare merger positions it as India's third largest healthcare chain
Aster DM Healthcare's board has approved a merger with Quality Care, positioning it as the third-largest healthcare chain in India by revenue and bed capacity. The transaction, at a swap ratio favoring Aster shareholders, reflects a 26% premium and is expected to drive significant EBITDA growth, projecting a 24% CAGR from FY24 to FY27. Analysts maintain a Buy rating with a target price of Rs 620 per share, valuing the combined entity at 27x EV/EBITDA.
Moneycontrol
Aster DM Healthcare Limited IND
Finance & Economy, Market Report
08:37 02.12.2024
Aster DM Healthcare merges with Quality Care to form major hospital chain
Aster DM Healthcare has merged with Quality Care India, forming one of India's largest hospital chains with a total bed capacity of 10,150. This merger elevates Aster from a primarily South India-focused company, positioning it closely behind Apollo Hospitals Enterprise, which has a capacity of 10,138 beds as of September 2024.
Moneycontrol
Indian Rupee Aster DM Healthcare Limited Quality Care India Ltd. Apollo Hospitals Enterprise Limited IND Show more
Healthcare, Press Release
03:42 02.12.2024
aster dm healthcare and quality care india to merge creating major hospital chain
Aster DM Healthcare and Quality Care India Limited are merging to form Aster DM Quality Care Limited, creating a network of 38 hospitals across India. Aster DM shareholders will hold a 57.3% stake, while the combined entity aims to enhance patient care and expand its capacity by adding 3,500 new beds by FY27. The merger positions the new entity as one of the top three hospital chains in the country, with a focus on substantial revenue growth and innovation in healthcare services.
yourstory.com
Aster DM Healthcare Limited Blackstone Inc. TPG Inc. Quality Care India Limited IND Azad Moopen Varun Khanna Show more
Finance & Economy, Press Release
07:34 30.11.2024
Aster DM Healthcare merger to enhance market position and drive growth
Aster DM Healthcare's Deputy Managing Director, Alisha Moopen, announced that the merger with Quality Care India Ltd, backed by Blackstone and TPG, will be EPS accretive from the first year. The combined entity aims to achieve 13,300 beds by FY27 and is confident in navigating competition from major players like Apollo and Manipal Hospitals. Moopen emphasized the merger's potential to establish micro-market leadership in key regions.
Moneycontrol
Aster DM Healthcare Limited Quality Care India Ltd. Apollo Hospitals Enterprise Limited Manipal Hospitals Ltd. ARE Alisha Moopen Azad Moopen Varun Khanna Show more
Healthcare, Market Report
04:42 30.11.2024
blackstone merges quality care india with aster dm healthcare expanding hospital network
Blackstone has completed a significant merger in India's healthcare sector, combining its portfolio firm Quality Care India Ltd with Aster DM Healthcare, resulting in a new entity valued at approximately $5 billion. With a 30.7% stake, Blackstone becomes the largest shareholder in Aster DM Quality Care Limited, which will operate 38 hospitals and 10,150 beds across 27 cities, positioning it among India's top three hospital chains. Ganesh Mani, Blackstone's senior managing director, expressed the firm's intent to explore further inorganic growth opportunities nationwide, aiming to exceed 13,000 beds in just over two years.
Moneycontrol
Aster DM Healthcare Limited Blackstone Inc. IND Ganesh Mani
Finance & Economy, Transcript
18:40 29.11.2024
mergers and acquisitions roundup aster dm healthcare and others in focus
Aster DM Healthcare will merge with Blackstone-backed Quality Care India, enhancing its competitive position against Apollo and Manipal Hospitals. TI Fluid has agreed to a £1.04 billion takeover by ABC Technologies, while a German cement maker is acquiring Giant Cement Holding for $600 million. Reliance Industries has purchased a 21% stake in Wavetech Helium for $12 million, and Macquarie is offering £700.9 million for Renewi. Fortress Investment Group plans to acquire Loungers for approximately £350.5 million.
Boursorama
Indian Rupee British Pound Sterling United States Dollar Aster DM Healthcare Limited Quality Care India Ltd. Apollo Hospitals Enterprise Limited Manipal Hospitals Ltd. TI Fluid Systems PLC ABC Technologies Giant Cement Holding Reliance Industries Ltd Wavetech Helium Macquarie Group Limited Renewi plc Fortress Investment Group LLC Loungers plc IND GBR USA Show more
Finance & Economy, Market Report
15:41 29.11.2024
aster dm healthcare and quality care to merge forming top hospital chain
Aster DM Healthcare and Quality Care India Limited are merging to form Aster DM Quality Care Limited, positioning themselves among India's top three hospital chains. The merger, approved by both boards, will create a network of 38 hospitals with over 10,150 beds across 27 cities, enhancing patient care and operational efficiency. The new entity aims to address bed shortages in underserved regions and is expected to drive significant revenue growth and expansion opportunities.
The Week
Aster DM Healthcare Limited Blackstone Inc. TPG Inc. FAMILY CARE HOSPITALS LIMITED KIMSHEALTH Evercare IND Azad Moopen Amit Dixit Varun Khanna Show more
Healthcare, Press Release
14:22 29.11.2024
Aster DM Healthcare and Quality Care India merge to create top hospital chain
Aster DM Healthcare and Quality Care India have merged to create one of India's top three hospital chains, enhancing their combined capacity to over 10,150 beds. The new entity, with joint control held by Aster promoters and Blackstone, aims to set new standards in patient care and clinical outcomes. Dr. Azad Moopen will continue as Executive Chairman, driving growth and innovation in the healthcare sector.
eHealth Magazine
Aster DM Healthcare Limited Quality Care India Ltd. Blackstone Inc. TPG Inc. Apollo Hospitals Enterprise Limited Manipal Hospitals Ltd. IND Azad Moopen Show more
Finance & Economy, Press Release
13:41 29.11.2024
Aster DM to merge with Blackstone-backed CARE Hospitals in strategic acquisition
Aster DM Healthcare Ltd has announced its acquisition of 1.9 crore shares of Blackstone-backed CARE Hospitals at Rs 445.8 per share. The deal involves issuing 1.86 crore of Aster DM's shares to QCIL's shareholders at Rs 456.33 per share, alongside relocating its registered office from Karnataka to Telangana. Following the announcement, Aster DM's shares rose 2.3% to close at Rs 500.55 on the BSE.
Moneycontrol
Indian Rupee Aster DM Healthcare Limited Quality Care India Limited (CARE Hospitals) IND
Finance & Economy, Market Report
11:23 29.11.2024
aster dm healthcare and quality care india near merger deal
Aster DM Healthcare Ltd. is close to finalizing a deal to merge with Quality Care India Ltd., backed by Blackstone, creating one of India's largest hospital chains. Shareholders of Aster are expected to own approximately 57% of the new entity, which will have over 10,000 beds, enhancing profitability and growth potential.
Moneycontrol
Aster DM Healthcare Limited Quality Care India Ltd. IND
Finance & Economy, Market Report
02:50 29.11.2024
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