Aster DM Healthcare gets CCI go-ahead for merger with Quality Care India

Combined entity to be among top 3 hospital chains in India with more than 10,000 beds across 27 cities

Bengaluru-based hospital chain Aster DM Healthcare on Friday said it has got the green light from the Competition Commission of India (CCI) to complete its merger with Blackstone-backed Quality Care India.

 

The company stated that the merged entity, ‘Aster DM Quality Care,’ will be jointly controlled by Aster Promoters and Blackstone.

 

It added that the combined entity will have a network of 38 hospitals and more than 10,150 beds spread across 27 cities. This will make it one of the top three hospital chains in India.

 

Aster DM currently has 5,128 beds in 19 hospitals, along with 13 clinics across five states in India. Post-merger, the combined Aster DM Quality Care will have a combined portfolio of four brands – Aster DM, CARE Hospitals, KIMSHEALTH, and Evercare.

 

The merger transaction is likely to be completed this year.

 

“The merged entity is expected to grow to around 13,300 beds by FY27 through internal accruals/cash on hand with a mix of greenfield and brownfield opportunities,” Aster said.

 

Calling the CCI nod to the merger an important milestone, Azad Moopen, founder and chairman at Aster DM Healthcare, said that the approval reflects the strength of the combined vision and collective potential for enhancing healthcare access and quality.

 

“The integration of Aster and Quality Care’s extensive networks and operational expertise will significantly strengthen our capacity to deliver world-class healthcare, foster innovation, and elevate patient outcomes,” he added.

 

Announced in November last year, the merger was among the biggest healthcare deals in India, with the enterprise value of the merged entity reported to be $5 billion (₹43,000 crore).