Aster DM Healthcare to acquire Aster Aadhar Hospital in Kolhapur

Aster DM Healthcare, the prominent Bengaluru-based hospital chain, has announced its plans to acquire the remaining 13% stake in Aster Aadhar Hospital, previously known as Prerana Hospital, located in Kolhapur, Maharashtra. This move will bring Aster DM Healthcare's ownership in the hospital to a full 100%.

The acquisition process is set to occur in two phases, with an anticipated completion date of December 31, 2025. This marks a significant milestone in Aster DM Healthcare’s strategy to grow and diversify its operations, further enhancing its foothold in the healthcare sector.

Aster Aadhar Hospital, a 254-bed facility, has recently received accreditation from the National Accreditation Board for Hospitals and Healthcare Providers (NABH). The hospital will continue to benefit from the parent company's robust market presence and financial stability, which are expected to drive growth and open new opportunities.

According to Azad Moopen, founder and chairman of Aster DM Healthcare, “The complete acquisition aligns perfectly with our strategic goals to consolidate our presence in Western India. The expansion will also further build our customer base and deliver greater value to all stakeholders. The Aster Aadhar Hospital is a key step in accelerating our growth and innovation in healthcare in this region, especially in the wake of significant competitive presence of healthcare establishments here.”

Aster DM Healthcare is strategically positioned to capitalize on the increasing demand for advanced healthcare services in India. The company projects that from FY25 to FY29, its India operations will achieve a compound annual growth rate (CAGR) of approximately 18%-20%, driven by higher occupancy rates and capacity expansion. Additionally, the operating earnings before interest, tax, depreciation, and amortization (EBITDA) margin is expected to reach around 23%-25% over the next 4-5 years, indicating strong growth and operational efficiency.

Aster DM Healthcare Ltd

**NSE: ** ₹478.60 (+8.81%)

**BSE: ** Last Updated: Nov 27, 2024 | 03:44 PM IST

**Day Range: ** ₹439.85 - ₹484.00

**52 Week Range: ** ₹311.10 - ₹558.30

With this acquisition, Aster DM Healthcare reaffirms its commitment to delivering high-quality healthcare and expanding its presence in the Western region of India.