Aster DM Healthcare

Aster DM Healthcare on Thursday announced an investment of Rs 120 crore to set up five advanced Oncology Radiation LINAC Centres across India to support underprivileged cancer patients, under its CSR initiative. The programme aims to provide free and subsidised high-quality radiation therapy to cancer patients from economically weaker sections who are unable to afford or continue life-saving treatment, the company said in a statement. The first centre will be established in Wayanad, Kerala, catering to the wider Malabar region, including neighbouring areas such as Gudalore and Gudalpet, it added. The remaining centres will be developed in strategic locations, including Bengaluru and other cities, over the next three years, based on community needs and clinical feasibility, the company said. "By establishing five state-of-the-art radiation LINAC therapy centres, we aim to bridge critical gaps in oncology services and ensure that patients receive timely, lifesaving treatment closer t

Aster DM Healthcare reported 13 per cent year on year increase in its consolidated net profit at Rs 110 crore for the second quarter ended September 30, as per a statement. The healthcare firm reported net profit of Rs 97 crore for the July-September period of last fiscal. Revenue increased to Rs 1,197 crore for the September quarter as against Rs 1.086 crore in the year-ago period, Aster DM Healthcare said in a regulatory filing. Azad Moopen, Founder and Chairman, Aster DM Healthcare, said the company delivered a steady performance in the second quarter despite lower incidence of seasonal illnesses. "We have made progress on the merger with Quality Care India Ltd. with stock exchange no-objection letters now received. The combined platform will create one of India's most integrated and scalable healthcare networks, with complementary cluster strengths and enhanced clinical depth," he added. Shares of the company on Friday were trading 0.25 per cent down at Rs 685.55 apiece on BSE

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One of our key initiatives has been establishing organ-specific surgical teams across specialties such as head and neck, breast, gynecology, urology, and oncology, says Moopen

With significant untapped market opportunities and a shortage of healthcare infrastructure in India, leading Indian companies have immense potential for expansion.

Aster DM Healthcare posts robust FY25 with 21% PAT growth and plans to add over 2,100 beds to expand total capacity to approximately 7,300 beds

The merger between Aster DM Healthcare and Quality Care India unlocks clear operational and strategic advantages that will drive growth and better patient care across the combined network

The transaction involved Aster DM Healthcare acquiring 1,90,46,028 equity shares of QCIL from BCP and TPG, the company noted

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

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Aster DM share price hit an intraday high of ₹500.25 per share. The stock inched closer to its 52-week high level of ₹558.3, which it touched on April 15, 2024

"This milestone also reinforces trust among our stakeholders, investors, and partners as we continue to expand our footprint in India," added Moopen

The company's total revenue from operations stood at Rs 1,049.81 crore, up 10 per cent Y-o-Y, as compared to Rs 954.67 crore

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Given its impressive revenue CAGR of 22 per cent through FY19-24 with improving profitability, analysts at Elara Capital expects strong growth to continue, though at moderated levels.

Based on the swap ratio recommended in the valuation report, the Aster promoters will hold 24 per cent and Blackstone 30.7 per cent in the merged entity

Aster coming together with Blackstone-backed Quality CARE will become one of the top three platforms in India, said Alisha Moopen, Deputy Managing Director of Aster DM Healthcare

At enterprise value of Rs 43,000 cr, merged entity set to be among top three players in India