Aster DM Healthcare Sees Moopen Family Increase Stake by 4%, Signaling Confidence in Growth

Aster DM Healthcare’s promoters, the Moopen family, have increased their shareholding by 4%, from 37.88% to 41.88%, after purchasing additional shares for Rs 460 Crore (Dh. 207 million) from a major private equity investor.

Founder Chairman and Managing Director Dr. Azad Moopen highlighted the family’s confidence in the business’s growth and dedication to their patients and employees. Aster DM Healthcare, with a turnover of Rs. 10,253 crore in FY 2021-22, is currently in a prosperous growth phase, driven by the active restructuring of its India and GCC businesses.

In India, upcoming projects include the 350-bedded Aster Capital Hospital in Trivandrum, Kerala, the 200-bedded Aster MIMS Hospital in Kasargod, Kerala, the 150-bedded Aster Narayanadri Hospital in Tirupati, Andhra Pradesh, and the 100-bedded Aster G Madegowda Hospital in Mandya, Karnataka. Additionally, 239 Aster pharmacies and 177 Aster Labs & patient experience centers have been launched. With 4,095 beds in 15 Indian hospitals and plans to increase to 4,670 beds in 18 hospitals next fiscal year, Aster will connect all facilities through the forthcoming myAster App, offering omnichannel care to customers.

Aster DM Healthcare is expanding its presence in the GCC with the opening of the 181-bed Aster Royal Hospital in Oman, the 101-bed Aster Hospital in Sharjah, and the acquisition of a 126-bed hospital in Al Qusais, which will be operational soon. This will establish Aster as one of the largest healthcare providers in the region, with 15 hospitals, 113 clinics, and 257 pharmacies. The company is also planning to roll out 250 new Aster Pharmacies in Saudi Arabia. The myAster App, which has already seen 352,000+ downloads since its launch, will integrate the omnichannel healthcare delivery system, connecting all facilities for a seamless patient experience.