Aster DM Healthcare to invest Rs 750 crores for India expansions

This post was originally published on 3 August 2019.

Dubai-based Aster DM Healthcare is planning to open four new multi-speciality hospitals in major cities in India.

According to a report in Khaleej Times, Aster group’s founder chairman and managing director, Dr Azad Moopen, said the new hospitals will be opened in Bengaluru, Chennai, Kannur and Thiruvananthapuram.

The group will invest Rs 7.5 billion (Rs 750 crores) to complete these hospitals by March 2022, which will add 1,500 beds to the existing 4,400 beds in Aster DM Healthcare’s facilities across India.

Dr Moopen said the company will also be investing Rs 2.5 billion (Rs 250 crores) for the expansion of the group’s existing facilities and for purchase of equipment.

The hospital that will be built in Thiruvananthapuram will be in addition to the three multi-speciality hospitals in Kerala, which put a strong background to the group’s operations in India.

The group’s first hospital to open in India was Aster MIMS, a NABH-accredited hospital in Kozhikode that started operations in 2002 and introduced many firsts in the state’s healthcare sector.

The flagship hospital of the group is located in Kochi, the business capital of Kerala. Established in 2014, Aster Medcity is the first hospital in India to win all relevant accreditations and quality certifications within one year of opening its doors to the world.

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