Aster DM Healthcare Ltd has announced a merger with Blackstone-backed CARE Hospitals, leading to the creation of Aster DM Quality Care, which will enter the list of the top three players in India with 38 hospitals, 10,166 beds, and a presence in 27 cities across the country.(Representational Image:Photo by arrangement)
Mumbai:Aster DM Healthcare Ltd has announced a merger with Blackstone-backed CARE Hospitals, leading to the creation of Aster DM Quality Care, which will enter the list of the top three players in India with 38 hospitals, 10,166 beds, and a presence in 27 cities across the country.
Aster DM will acquire 19 million equity shares of Quality Care India (QCIL) from Blackstone at Rs 445.8 per share and Centella by issuing 18.6 million of its own shares to QCIL's shareholders at Rs 456.33 per share. On Friday, Aster expects the merger transaction to close by the third quarter of financial year 2025-26.
( Source : Deccan Chronicle )
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