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.
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.
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.
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.
Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.