The company plans to increase its bed capacity by 30 percent in the next three years and enter new markets, the report said
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Blackstone on November 29 clinched India's biggest healthcare deal after Aster DM agreed to merge with PE firm-backed CARE Hospitals, creating one of India’s top three hospital chains
Shareholders of Aster are poised to own around 57% of the combined entity, while investors in Hyderabad-based Quality Care would hold the remaining 43%.
Shetty further explained there was clear cut plan in terms of deploying 1700 beds in three years. Presently the capacity is 4,800 beds. "We look to expand to 10,000 beds in the next 5 years," he added.
Under the separation plan, the Moopen family has retained a 35 percent stake alongside management and operational rights
Aster DM Healthcare in November last year had agreed to sell a majority stake in its Gulf business to a consortium led by private-equity firm Fajr Capital for $1 billion.
CNBC-TV18 reported citing sources that Fajr Capital along with Aster DM's promoters will acquire the company's GCC business.
Benchmark indices fell for the sixth straight session in the biggest losing streak since February 28, 2023. Both benchmark indexes lost over 1 percent amid rising US bond yields and an escalating geopolitical crisis in the Middle East
About 1813 shares advanced, 1562 shares declined, and 141 shares were unchanged on December 29
Net Sales are expected to increase by 10.7 percent Y-o-Y (down 3.7 percent Q-o-Q) to Rs. 2,625.9 crore, according to ICICI Direct.
Net Sales are expected to increase by 11.7 percent Y-o-Y (up 0.8 percent Q-o-Q) to Rs. 2,671.4 crore, according to ICICI Direct.
Net Sales are expected to increase by 12 percent Y-o-Y (down 0.4 percent Q-o-Q) to Rs. 2,494 crore, according to ICICI Direct.