Aster DM Healthcare, one of India’s leading healthcare service providers, announced robust financial results for the second quarter (Q2) and half-year (H1) of FY25. The company reported a notable 18% year-on-year (YoY) increase in revenue for H1 FY25, reaching INR 2,088 crores, compared to INR 1,772 crores in H1 FY24. Q2 FY25 also saw revenue […]
Aster DM Healthcare Limited, a prominent integrated healthcare provider in the GCC (Gulf Cooperation Council) and India, is on the brink of completing a significant corporate restructuring that will see its India and GCC operations split into two independent entities. This move is aimed at unlocking the long-term value of both business units. In conjunction […]
In a significant development for Aster DM Healthcare Ltd (NSE: ASTERDM; BSE: 540975), the healthcare giant has successfully obtained the requisite majority of shareholder votes in favor of separating its Gulf Cooperation Council (GCC) operations from its Indian business. The vote, concluding on January 22, 2024, marks a pivotal shift in the company’s strategic direction, […]
Aster DM Healthcare, a prominent integrated healthcare provider, has announced a groundbreaking decision to separate its India and GCC businesses into two independent entities. This bold move, approved by the boards of its subsidiary Affinity Holdings Private Limited and the company itself, aims to enhance focus and growth in these distinct markets. Definitive Agreement with […]
Aster DM Healthcare, through its hospital arm Aster Hospital, has opened a multi-specialty hospital in Sharjah to cater to the healthcare needs of the northern emirate’s residents. Spread across 200,000 ft2, the multi-specialty hospital in Sharjah has a total of 100 beds and offers services related to obstetrics and gynaecology, neurology, orthopaedics, paediatrics, cardiology, general […]
Aster Pharmacy, the retail arm of Aster DM Healthcare, has signed a long-term joint venture agreement with Al Hokair Holding Group to expand its footprint in the Saudi Arabian pharma market. Through the partnership, Aster Pharmacy is expected to open and run over 250 pharma stores in Saudi Arabia over a period of five years. […]
Aster DM Healthcare has partnered with Andhra Pradesh’s Narayanadri Hospital to expand its hospital operations management services in India. The partnership is part of the healthcare provider’s strategy to add up to 500-700 beds in India in the next one-year period. Aster DM Healthcare has a presence across primary, secondary, tertiary, and quaternary healthcare in […]
Aster DM Healthcare has announced plans to build a 550-bed super specialty hospital in Trivandrum, Kerala with an investment of over INR 550 crores. The integrated advanced healthcare facility at Trivandrum will have a built-up area of 5.76 lakh sft, which excludes the provision for one lakh sft for multilevel car parking space. Aster DM […]
Aster DM Healthcare Limited said that its subsidiary — Dr. Ramesh Cardiac and Multispeciality Hospital has agreed to take full ownership of Sanghamitra Hospitals Private Limited, in an all-cash deal worth INR 59.4 crores. In this connection, Dr. Ramesh Cardiac and Multispeciality Hospital will acquire an additional stake of 49% in Sanghamitra Hospitals from key […]
Aster RV Hospital Bangalore and Aster Volunteers, the global CSR unit of Aster DM Healthcare, has launched a modular emergency unit in Bengaluru for helping critically ill Covid-19 patients with immediate care and attention. The free of cost Covid emergency unit has been launched with the help of Shri Bagaria Education Trust and also Kemwell […]