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Aster DM Healthcare expands in GCC, India

DUBAI, March 30, 2017

Aster DM Healthcare, a Dubai-based healthcare conglomerate, has reported expansion of its network across the GCC as well as India during 2016-17 fiscal year.

The group, which completed three decades of operations in 2017, had a total of 317 medical establishments, including 18 hospitals, 98 clinics and 201 pharmacies as on January 30, 2017.

Key milestones:

GCC:

•    Three new hospitals: Successful launch of Medcare Women & Children Hospital in Dubai and soft launch of Medcare Hospital in Sharjah. Aster Hospital in Doha is nearly completed.
•    Eight new clinics and 25 pharmacies added in GCC under Aster, Medcare and Access Brands
•    Two new specialty clinics launched: IVF and Women Care, under both Aster and Medcare brands
•    Acquisition of 60 per cent stake in Harley Street Medical Centre, Abu Dhabi, marking the company’s foray into niche healthcare specialty, including a day-care surgical centre
•    Launch of AsterOnline and Aster Chronic Care@Home services- Introduction of innovative technological solution for patient care
•    Started construction of upcoming Aster Hospital in Qusais, set to be a 100-bed facility
•    Signed the contract for an Aster Hospital in Sharjah

India and Asia- Pacific:

•    Launched Aster CMI- a 509 beds quaternary care facility at Bangalore
•    Opening of three new Aster Clinics in Bangalore
•    Acquisition of majority stake in a chain of three reputed hospitals in Gundur and Vijayawada, Andhra Pradesh, with a combined strength of around 500 beds
•    Expansion of Aster Prime Hospital in Telengana, Hyderabad, India
•    Acquisition of land and project mobilization of Aster Hospital- a 500 bed facility in Thiruvananthapuram, Kerala
•    On-going construction of Aster MIMS- a 200 bed facility at Kannur, Kerala

Aster DM Healthcare also announced the closure of $295 million, comprehensive group-wide credit facility with Axis Bank. Based on the company’s performance and pipeline of projects, Axis Bank offered attractive terms and conditions that facilitated the financing process.

Dr Azad Moopen, founder chairman and managing director of Aster DM Healthcare said: “The growth of our operation remains aligned to our vision of making quality healthcare easily accessible to the communities that we serve, across the world.”

“We are at an exciting stage of our journey, as we continue to bridge the gap between available quality services and needs of our patients on a day-to-day basis. It opens the door to improvise and introduce innovative as well as sustainable solutions that can bring about a quantum leap in the primary healthcare delivery model that we have today. In 2016, we have been successful in expanding our horizons in both India and Middle East,” he added.

The company currently operates under the Aster, Medcare and Access brands across nine markets, including UAE, KSA, Qatar, Bahrain, Oman, Kuwait, Jordan, India and Philippines. – TradeArabia News Service




Tags: India | Hospitals | Aster DM Healthcare |

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