Aster DM Healthcare to infuse Rs 750 crore to add 1500 beds in four new hospitals

Written by Garima Published On 2019-05-06T09:45:42+05:30 | Updated On 6 May 2019 9:45 AM IST

Aster DM Healthcare to infuse Rs 750 crore to add 1500 beds in four new hospitals

"We will be investing around Rs 750 crore to add 1,500 beds in the four hospitals we will be opening in India by the end of March 2022," Aster DM Healthcare founder Chairman and MD Azad Moopen told PTI.

New Delhi: Healthcare services provider Aster DM Healthcare will invest around Rs 750 crore to add 1,500 beds in four new hospitals that it plans to open by the end of March 2022, a top company official said.

The company currently has around 4,400 beds across 12 hospitals in India.

The new multi-speciality hospitals will come up at Bengaluru, Chennai, Kannur and Thiruvananthapuram, he added.

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

"We will also be investing Rs 250 crore for the expansion of our existing facilities and for purchase of equipment," Moopen said.

When asked how the company plans to fund the expansion, he said: "It will be through a mix of internal accruals and debt".

The company which has a strong presence in the Gulf Cooperation Council (GCC) countries across hospitals, clinics and pharmacy verticals also plans to open pathology labs and pharmacies in India.

Highlighting the company's roadmap for future growth, Moopen said: "It will be mainly through an asset-light model. We will also be opening pathology labs and pharmacies going forward."

Regarding hospitals, the company will continue to focus on opening fairly large multi-speciality hospitals with over 300 beds in metros and large cities, he added.

Aster DM Healthcare currently has 22 hospitals, 113 clinics and 220 pharmacies in nine countries.

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

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Source : PTI

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Garima

Garima joined Medical Dialogues in the year 2017 and is currently working as a Senior Editor. She looks after all the Healthcare news pertaining to Medico-legal cases, MCI/DCI decisions, Medical Education issues, government policies as well as all the news and updates concerning Medical and Dental Colleges in India. She is a graduate from Delhi University. She can be contacted at editorial@medicaldialogues.in Contact no. 011-43720751 To know about our editorial team click here