Aster DM Healthcare aims to beat Apollo Hospitals to become top healthcare chain: Report

Aster DM Healthcare has set its sight on becoming the top hospital chain in the country with more bed additions and forays into new markets, a report by The Economic Times said on July 8.

The Bengaluru-based firm, which became the second-largest chain in the country behind Apollo Hospitals after its merger with Blackstone-backed Quality Care India, plans to increase its bed capacity by 30 percent in the next three years to 13,600, the paper said.

Alisha Moopen, deputy managing director of Aster DM Healthcare, told ET that Blackstone global chief executive Stephan Schwarzman wants to make Aster DM Healthcare the “number one” healthcare organization in the country. Moopen, however, didn’t mention by when the company plans to achieve its target, the report said.

The recently merged firm had posted a revenue of more than Rs 9,000 crore in FY25, the report said. In contrast, Apollo reported a revenue of over Rs 22,000 crore in the March 31 ended year, the paper reported, adding that the company plans to invest Rs 6,000 crore to increase bed capacity by 4,300 in the next few years. Apollo, currently, has 10,187 beds in the country, marginally less than Aster’s 10,300.