Aster DM Healthcare Limited is one of India’s largest and fastest-growing integrated healthcare service providers. Aster is listed on the Indian stock exchanges and is one of the largest privately held hospital chains in the country, with a prime focus on emerging cities, particularly in Southern and Central India. Aster DM Healthcare and Quality Care India Limited have recently signed a definitive agreement to merge, resulting in a merged listed entity that will be called Aster DM Quality Care Limited, thereby creating one of India’s top 3 hospital chains in terms of revenue and bed capacity.
This would result in significant strengths for the merged entity to offer scale, diversification, enhanced financial metrics, synergies, and increased growth potential with the backing of large private equity investors. Aster shareholders would hold 57.3%, and Quality Care shareholders would hold 42.7% in the new merged entity, jointly controlled by Aster promoters and Blackstone, holding 24.0% and 30.7% ownership, respectively. Quality Care India Limited is backed by major private equity investors, Blackstone and TPG. The merger is currently subject to regulatory, corporate, and shareholder approvals. The resulting new entity, Aster DM Quality Care Limited, will have a combined portfolio of four leading brands: Aster DM, CARE Hospitals, KIMSHEALTH, and Evercare, with a network of 38 hospitals and around 10,150 beds spread across 27 cities.
SOURCE- THE SUNDAY GUARDIAN
#Aster #QualityCareIndia #HealthcareMerger #AsterDMQualityCare
#TopHospitalChain #HealthcareExpansion #PatientCare #MedicalServices
This would result in significant strengths for the merged entity to offer scale, diversification, enhanced financial metrics, synergies, and increased growth potential with the backing of large private equity investors. Aster shareholders would hold 57.3%, and Quality Care shareholders would hold 42.7% in the new merged entity, jointly controlled by Aster promoters and Blackstone, holding 24.0% and 30.7% ownership, respectively. Quality Care India Limited is backed by major private equity investors, Blackstone and TPG. The merger is currently subject to regulatory, corporate, and shareholder approvals. The resulting new entity, Aster DM Quality Care Limited, will have a combined portfolio of four leading brands: Aster DM, CARE Hospitals, KIMSHEALTH, and Evercare, with a network of 38 hospitals and around 10,150 beds spread across 27 cities.
SOURCE- THE SUNDAY GUARDIAN
#Aster #QualityCareIndia #HealthcareMerger #AsterDMQualityCare
#TopHospitalChain #HealthcareExpansion #PatientCare #MedicalServices
Aster DM Healthcare Limited is one of India’s largest and fastest-growing integrated healthcare service providers. Aster is listed on the Indian stock exchanges and is one of the largest privately held hospital chains in the country, with a prime focus on emerging cities, particularly in Southern and Central India. Aster DM Healthcare and Quality Care India Limited have recently signed a definitive agreement to merge, resulting in a merged listed entity that will be called Aster DM Quality Care Limited, thereby creating one of India’s top 3 hospital chains in terms of revenue and bed capacity.
This would result in significant strengths for the merged entity to offer scale, diversification, enhanced financial metrics, synergies, and increased growth potential with the backing of large private equity investors. Aster shareholders would hold 57.3%, and Quality Care shareholders would hold 42.7% in the new merged entity, jointly controlled by Aster promoters and Blackstone, holding 24.0% and 30.7% ownership, respectively. Quality Care India Limited is backed by major private equity investors, Blackstone and TPG. The merger is currently subject to regulatory, corporate, and shareholder approvals. The resulting new entity, Aster DM Quality Care Limited, will have a combined portfolio of four leading brands: Aster DM, CARE Hospitals, KIMSHEALTH, and Evercare, with a network of 38 hospitals and around 10,150 beds spread across 27 cities.
SOURCE- THE SUNDAY GUARDIAN
#Aster #QualityCareIndia #HealthcareMerger #AsterDMQualityCare
#TopHospitalChain #HealthcareExpansion #PatientCare #MedicalServices
