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April 5, 2019updated 08 Apr 2019 7:55am

Aster DM Healthcare to invest $698m in India to expand hospital network

Aster DM Healthcare has announced its plans to invest about Rs10bn ($698m) in India as part of its strategy to expand its hospital facilities in the country.

Aster DM Healthcare has announced its plans to invest about Rs10bn ($698m) in India as part of its strategy to expand its hospital facilities in the country.

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The group currently operates a wide network of hospitals and clinics in the Middle East and the Indian state of Kerala, reported The Economic Times.

Besides establishing new hospitals in Kerala, it plans to tap cities such as Bengaluru and Chennai.

Aster DM Healthcare chairman Dr Azad Moopen was quoted by the publication as saying: “We plan to add 1500 beds to the existing 4300 in the country by 2021.’’

It plans to soon open a 300-bed hospital in Kannur district of Kerala and 250 bed hospital in Bengaluru of Karnataka.  These two projects are nearing completion.

The firm also plans to build another two hospitals in the southern part of India – one in Thiruvananthapuram of Kerala and Chennai of Tamil Nadu.

The average cost of establishing  a bed would be around Rs7m ($484,215).

Dr Moopen also added that the first batch of students from the group’s DM Wayanad Institute of Medical Sciences (WIMS) are set to graduate this month.

He added: “Our aim is to make it one of the top ten medical colleges in the country by 2025.’’

Aster Hospitals and Clinics India CEO Dr Harish Pillai said that Kerala has seen a 15% increase in the arrival of medical value travellers. More visitors are coming from Bangladesh, the Middle East and African countries such as Nigeria, Kenya and Tanzania.

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Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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