Aster, Quality Care To Create Hospital Chain

Hyderabad: Aster DM Healthcare Limited, one of India’s largest and fastest growing integrated healthcare service providers, and Quality Care India Limited (QCIL), backed by Blackstone and TPG, signed definitive agreements for a merger. The merger has been approved by the Board of Directors of the respective companies and is subject to regulatory, corporate and shareholders’ approvals. The merged listed entity will be named Aster DM Quality Care Limited.

Aster DM Quality Care Limited will have a combined portfolio of four leading brands: Aster DM, CARE Hospitals, KIMSHEALTH and Evercare. The combined entity will have a of network of 38 hospitals and over 10,150 beds spread across 27 cities making it one of the top three hospital chains in India.The combined entity will create one of the top three hospital chains in India in terms of revenue and number of beds (38 hospitals & 10,150 beds) with strong presence across South & Central India.