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Aster DM Healthcare to Acquire the Remaining 13% Stake in Aster Aadhar Hospital

Updated on: Nov 28, 2024, 2:34 PM IST
Aster DM Healthcare will acquire the remaining 13% stake in Aster Aadhar Hospital, resulting in a good rally in the stock and script, which is currently trading at Rs. 485.55.
Aster DM Healthcare to Acquire the Remaining 13% Stake in Aster Aadhar Hospital
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Aster DM Healthcare Limited has developed into one of the leading healthcare providers in the Middle East and India, boasting a vast network of hospitals, clinics, and pharmacies in several countries. Renowned for delivering exceptional medical services, cutting-edge facilities, and a dedication to making healthcare accessible for all patients, the company employs a team of highly trained doctors, nurses, and staff. Aster DM Healthcare is consistently working to extend its influence and presence in the healthcare sector, aiming to enhance the health and wellness of communities globally.

Aster DM Healthcare to acquire the remaining 13% stake in Aster Aadhar Hospital

Aster DM Healthcare Ltd., a hospital chain, announced on Tuesday, November 26, that it has reached an agreement to purchase the remaining stake in Aster Adhaar Hospital (Prerana Hospital Limited), located in Kolhapur, Maharashtra.

With this acquisition, Aster DM Healthcare will increase its ownership in the company to 100% from the 87% it previously held. The deal will be executed in two phases, with an anticipated completion date of December 31, 2025. Additionally, this transaction is not considered a related-party deal since the promoters and affiliated companies have no stake in Aster Adhaar beyond its status as a subsidiary.

More details for Aster Aadhar Hospital, Kolhapur

The Aster Aadhar Hospital in Kolhapur, featuring 254 beds, is the city’s most extensive multi-specialty facility. It is the first in the area to receive the esteemed NABH accreditation, recognized as the benchmark for quality healthcare. Offering more than 25 specialities and being supported by a team of top doctors and dedicated staff, the hospital prioritizes compassionate and high-quality care.

“Aster DM Healthcare is strategically positioned to address the rising demand for advanced medical services in India. Over the next five years, specifically from FY25 to FY29, the Indian operations are expected to achieve a revenue CAGR of 18%-20% year-over-year, fueled by higher occupancy rates and expanded capacity.”

Aster DM Healthcare Ltd. stock is 1% up 

Aster DM Healthcare Ltd. stock is trading right now at Rs. 481.75 per share, and stock is 1% up, and it is high traded at Rs. 485.55 per share.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

Published on: Nov 28, 2024, 2:34 PM IST

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