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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.

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.

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.

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.

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.

aster nears merger with quality care to form major hospital chain

Aster DM Healthcare Ltd. is close to finalizing a deal to merge with Quality Care India Ltd., backed by Blackstone Inc., creating one of India's largest hospital chains. Shareholders of Aster are expected to own approximately 57% of the new entity, while Quality Care investors will hold 43%. An announcement could come as soon as Friday.

Dr Reddy's launches Zytorvi for rare head and neck cancer treatment

India's medical technology industry aims for USD 20 billion in exports by 2030, seeking government support for growth. Aster DM Healthcare is merging with Blackstone's Care Hospitals, creating a major hospital chain, while mental health searches in India surged 41% in 2024, highlighting a growing focus on wellness.

Aster DM Healthcare and Quality Care India merger negotiations near completion

Merger talks between Aster DM Healthcare and Quality Care India, owned by Blackstone, have reached their final stages, with a share swap deal expected to be finalized soon. The merged entity will be named Aster DM Quality CARE, with Blackstone anticipated to hold a majority stake, while TPG and the Moopen family will retain minority stakes.

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