Moopen backed Aster DM to infuse about Rs 1000 crore in Indian Hospitals by 2021: Report

Kochi: In a move to cater to healthcare facilities, Aster DM Healthcare is planning to infuse about Rs 1000 crore in India by 2021. According to recent media reports, Aster DM has proposed to expand its hospital facilities across the country.

Confirmation to this effect was made by Billionaire founder Dr Azad Moopen, Chairman, Aster DM Healthcare while speaking on the sidelines of a press meet on awarding MBBS degree to the first batch of medicos from DM Wayanad Institute of Medical Sciences

DM WIMS started by the Aster Group in 2013 has received permanent recognition of the Medical Council of India and the Ministry of Health and Family Welfare.

It is learnt through media reports that the group is planning to add 1500 beds by 2021 to the existing number of 4300 beds. Moreover, it will also be setting up new hospitals in Kerala as well as in Bengaluru and Chennai.

A couple of months ago, Aster DM had planned to infuse over Rs 650 crore in the next couple of years. Aster intended to increase its total hospital bed capacity to 6000 from the present stats of 4800 beds with a focus on developing new medical facilities in the southern region of India.

Also Read: Aster DM Healthcare to focus on Expansion in South, West India, to invest Rs 650 crore

The Current Expansion Plans-

In Kannur, the 300-bed hospital while in Bengaluru 250 bed facility are all set to commence operations. A couple of hospitals in Thiruvananthapuram and Chennai are in the pipeline with an average cost of around Rs 60-70 lakh for setting up a bed.

The Group has also turned its focus on the DM WIMS Medical College in Kerela with a bed capacity of 700 plus beds and a daily patient visit of more than 1,000. However, the Chairman of the Group, Moopen has bigger plans. Starting PG courses and attaining deemed university status are among the future plans for WIMS, reports the Business Line,

"The aim is to place DM WIMS to be one among the top 10 private medical colleges in the country by 2025," Moopen said announcing the first batch of students from the group's DM Wayanad Institute of Medical Sciences (WIMS) will graduate in the month of April.

In 1987, Dr Moopen started with a single clinic in Dubai now owns a network of healthcare facilities with over 323 establishments consisting of hospitals, clinics and pharmacies in the Middle East, India and the Philippines. Currently, it has twenty-one hospitals in India and the Middle East. The hospitals in India are located in Kochi, Kolhapur, Kozhikode, Kottakkal, Bengaluru, Vijayawada, Guntur, Ongole, Wayanad and Hyderabad.