Aster DM Healthcare Plans ₹1,000 Crore Investment to Expand Bed Capacity Over Three Years

Aster DM Healthcare, having garnered approximately USD 907 million from the sale of its GCC business, is gearing up to invest approximately Rs 1,000 crore into its expansion endeavors in India. The healthcare giant aims to elevate its bed capacity to over 6,600 in the next three years.

With plans to augment its bed capacity by 1,700 by the fiscal year 2026-27, Aster DM Healthcare is exploring both organic growth and strategic acquisitions to achieve its objectives.

In a significant move, the company's board recently sanctioned a special dividend of Rs 118 per share to its shareholders, capitalizing on the momentum generated by the divestment of its GCC business.

Aster DM Healthcare recently concluded the divestment of its GCC businesses, reaping a cash consideration of USD 907.6 million. This influx of funds is poised to fuel the company's expansion initiatives in the Indian healthcare landscape, bolstering its position as a prominent player in the industry.

BS