Aster DM Healthcare
| File:ASTER DM HEALTHCARE LOGO.jpg
Aster DM Health Care
|
|
|
Formerly called
|
Dr.Moopen's Group |
|---|---|
| Private; For Profit Hospital | |
| Traded as | Aster DM Health Care |
| Industry | Health Care Conglomerate |
| Founded | Dubai, United Arab Emirates ( UAE ) (1987) |
| Founder | Dr.Azad Moopen |
| Headquarters | Dubai, United Arab Emirates ( UAE ) |
|
Number of locations
|
300 + |
|
Area served
|
India, Saudi Arabia,Oman,Kuwait,Bahrain, UAE,Qatar,Nigeria,Philippines,Jordan + |
|
Key people
|
Dr.Azad Moopen |
| Services | Health Care Services |
| Revenue | US $ 5 Billion + |
| US $ 5 Billion + | |
| US $ 6 Billion + | |
| Total assets | US $ 5 Billion + |
| Total equity | US $ 1 Billion + |
| Owner | Dr.Azad Moopen |
|
Number of employees
|
20,000 + |
| Parent | Nil |
| Divisions | Health Care Conglomerate |
| Subsidiaries | Nil |
| Website | asterdmhealthcare |
Aster DM Healthcare is privately held health care providing conglomerate founded in 1987 by Azad Moopen. The company is headquartered in Dubai, United Arab Emirates. Aster DM Healthcare currently operates hospitals, diagnostic centers, medical centers, and pharmacies in the Middle East and India. In 2013, the company has allocated $600 million for its expansion program in the next five years.[1]
History
Aster DM Healthcare was founded in 1987 in Dubai, United Arab Emirates by Dr. Azad Moopen, a doctor turned entrepreneur. The company is a private sector healthcare provider in the Middle East. The Dubai-headquartered healthcare conglomerate covers an array of healthcare verticals, from hospitals, clinics, pharmacies, healthcare consultancy service, and an advanced Medical City.
In November 2014, Aster DM Healthcare finalized Bank of America Merrill Lynch, Goldman Sachs and Kotak Mahindra Bank to manage its Rs 1,200-crore initial public offering (IPO) scheduled for early next year. The company plans to sell 10% shares on the bourses though details of the same are not finalized yet.[2]
In March 2015, Sachin Tendulkar, the highest run-scorer in Test history, opened Aster DM Healthcare’s 150th pharmacy in Abu Dhabi.[3]
Business expansion
In May 2011, Aster DM Healthcare opened its first medical centre in Sharjah, United Arab Emirates. The new centre was officially inaugurated by the veteran Indian play back singer K. J. Yesudas in the presence of Chairman Dr. Moopen and various guests from the Government of Sharjah and Ministry of Health.[4]
In February 2013, Aster DM Healthcare announced the interest of investing in the Philippines' healthcare sector. Initially, the company would start with the establishment of pharmacies and possibly hospitals in the later time. Chairman Dr. Azad Moopen told reporters in a press conference for the launch of the DM Healthcare Foundation Philippines Inc., which is providing free pediatric cardiac surgery to at least 50 Filipino children in two years.[1] In December, they launched its fifth Access Clinic in Jebel Ali Free Zone, or Jafza South, aimed at catering to the day-to-day healthcare needs of the employees in the neighborhood.[5]
In April 2014, the company announced the plans to establish help desks in Oman for Aster Medcity, South Asia's largest quaternary care hospital being set up in Kochi, Kerala, India.[6]
Acquisitions
In 2012, Olympus Capital Holdings Asia bought a minority stake in Aster DM Healthcare for the amount of about $100 million. The company did not reveal the size of the acquired stake. However, they announced that Olympus Capital Holdings is now Aster DM Healthcare’s largest external investor and that its nominees will join the company’s board.[7] In May 2014, Olympus Capital Holdings Asia invested another $60 million round into the company.[8]
See also
References
<templatestyles src="Reflist/styles.css" />
Cite error: Invalid <references> tag; parameter "group" is allowed only.
<references />, or <references group="..." />External links
- ↑ 1.0 1.1 Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
