Page 3 - Aster Dm Healthcare

Analysts bullish on hospitals on expansion plans, recovery in non-Covid biz

Experts note that the transition of the sector to the asset-light model has significantly enabled it to use fewer funds for setting up hospitals, thus bringing significantly higher returns on equity

Aster DM Healthcare to invest Rs 500 cr for healthcare facilities in TN

Aster DM Healthcare on Sunday said it will invest Rs 500 crore to set up healthcare facilities in Tamil Nadu. Aster, which is one of the largest integrated healthcare providers in GCC and India, has signed a memorandum of understanding on March 26 with the Tamil Nadu government in this regard. The MoU proposes an investment of Rs 500 crore in hospitals, pharmacies and laboratories in Tamil Nadu, Aster DM Healthcare said in a statement. This will help provide quality healthcare at an affordable cost to the people of Tamil Nadu and generate employment for more than 3,500 people, it added. Tamil Nadu Chief Minister MK Stalin has encouraged the initiative and ensured support to the healthcare group. Currently, Aster has 14 hospitals, 9 clinics and 66 labs and patient experience centres in India, with an investment of about Rs 3,000 crore. With five hospitals already in Kerala, including Aster Medcity - the flagship hospital of the group, the investment in Tamil Nadu will further soli

Gulf healthcare market saturated; opportunity lies in India: Azad Moopen

Azad Moopen in an interview said "We have already reached 27% of our YTD Ebitda from India, and we aim to gradually bring it up to 35-40% as we move forward"

TMS Ep109: Crude oil price, Aster's Azad Moopen, Rupee, P2P network

What does soaring crude oil price mean for the economy? What is Azad Moopen's expansion plans for Aster? How will the Russia-Ukraine crisis, US Fed affect rupee? What is P2P network? All answers here

Azad Moopen on Aster's India expansion plans and more

In an interview with Business Standard's Sohini Das, Chairman and MD of Aster DM Healthcare, Azad Moopen, shares his expansion plan in India. It will soon open its sixth hospital in Kerala. Listen in

Aster DM Healthcare to expand in India with Rs 900 cr capex over next 3 yrs

Aster DM Healthcare is planning around Rs 900 crore capital expenditure over the next three years to expand its presence in India

Healthcare provider Aster DM looks at asset-light plan for India expansion

It is rolling out a 350-bed multi-specialty hospital in Bengaluru next year with a capex of Rs 200 crore

Aster DM Healthcare tumbles 7% on Rs 83 crore loss in June quarter

On a consolidated basis, the loss came in at Rs 83 crore, compared to net profit of Rs 3 crore in the year ago period

Aster DM Healthcare hits 52-week high as board mulls share buyback

The board of healthcare services provider will consider a proposal to buy back its equity shares at a board meeting scheduled to be held on Thursday, January 9

Aster DM Healthcare eyes diagnostic services, clinics; to expand bed-count

Dubai headquartered hospital chain bringing its Access brand to India for low income patients; to join Ayushman Bharat

Aster DM Healthcare makes weak debut; lists 4% below issue price

The stock listed at Rs 182, a 4.2% discount to its issue price of Rs 190 per share on the BSE.

Aster DM Healthcare Rs 9.8-bn IPO subscribed 1.33 times on final day

The objects of the issue are to repay certain borrowings of Rs 5.64 billion and to purchase medical equipment worth Rs 1.10 billion