ASTER DM HEALTHCARE

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• Aster DM Healthcare to acquire balance 13 pc stake in Prerana Hospital

  The consideration for the acquisition will be determined based on an independent valuation report in accordance with applicable laws, the company said in a regulatory filing.

  

• Aster DM Healthcare to launch women & children hospital in Hyderabad

  The hospital will offer specialised medical services such as obstetrics, gynaecology, paediatrics, neonatal care, and reproductive health. It will feature 100 critical care beds and 10 modular operating theatres, along with luxury birthing suites. To provide advanced maternal and paediatric care, the hospital will incorporate high-end technology for specialty services, including a cath lab, CT, MRI, ECMO, IVUS, EBUS, and ERCP. Additionally, it will offer 24/7 emergency care.

  

• Olympus Capital Asia divests 9 pc stake in Aster DM Healthcare for Rs 1,530 crore

  According to the bulk deal data available with BSE, Olympus Capital Asia Investments sold 4.50 crore shares or a 9 per cent stake in Aster DM Healthcare in two tranches.

  

• Aster hospitals executes heart re-transplant surgery

  The patient underwent the re-transplantation in December 2023 after which he faced initial complications such as bleeding and rejection episodes but through regular biopsies and close monitoring the patient has now completed 6 months of the second heart transplant with no further complications. According to the hospital this is only the second surgery of its kind in the history of India.

  

• ET Analysis: Indian hospital chains report revenue growth & expansion plans amidst regulatory concerns

  The hospital chains have improved their average revenues per operating bed during the quarter aided by a better payer mix - more insured and self-paying patients and less business from institutions and government schemes.

  

• Aster DM Healthcare to add 350 beds to its Bengaluru Hospital, announces 250 cr expansion plan

  The hospital will increase its bed capacity from existing 500 to 850 beds by FY2027 and will have an additional infrastructure expansion of 300,000 sq feet with an investment of around Rs.250 cr.

  

• Aster DM to tap private equity investors for its India business

  "We are getting a lot of inbound interest from investors in the last six months; now it has increased," Dr. Azad Moopen, chairman of Aster DM Healthcare, said in an interview to ET. "The active work on this will happen once the transaction (business sale in the GCC countries) is completed. We are looking for the best PE or investor who is ready to align with our plans," Moopen added.

  

• Hospital chain Aster DM to sell majority stake in Gulf business for $1 billion

  As part of a strategy to split the operation from its Indian entity, hospital chain Aster DM Healthcare has agreed to sell a controlling stake in its Gulf business to a regional investment group for $1 billion. The offloading of a 65% stake in the business to a consortium led by private-equity firm Fajr Capital brings to a close a year-long sale process after the business was seen as undervalued by some of its investors.

  

• Aster DM Healthcare launches 506-bed multi-speciality hospital at Whitefield, Bengaluru

  The hospital will house globally trained and experienced doctors with proven clinical excellence and support staff to offer exceptional patient care and medical outcomes. It will feature centres of excellence in oncology, cardiac sciences, neurosciences, gastroenterology, integrated liver care, multiorgan transplantation, urology & nephrology, advanced robotics, laparoscopic and conventional surgeries, orthopaedics, women’s health and child adolescent health.

  

• Margaret Helen Shepherd from the UK bags Aster Guardians Global Nursing Award 2023

  Shepherd has been dedicated to improving diabetes care through better diagnosis. She is the leading nurse for monogenic diabetes in the UK and provides advice to clinicians worldwide regarding managing this condition. She set up a national network of genetic diabetes nurses in 2002 to increase awareness of this condition (which is initially misdiagnosed in 80 per cent of cases, resulting in patients being treated with unnecessary insulin injections).

  

• 2 nurses from India shortlisted for Global Nursing Award

  Besides the nurses from India and Ireland, high-achieving nurses from England, the UAE, Kenya, Tanzania, Panama, Singapore, Portugal and the Philippines make up the finalists in the public vote stage before the winner is announced. The winner will be awarded at a ceremony in London on May 12, which is marked worldwide as International Nurses Day.