Aster DM Healthcare merges with Quality Care India to form a major $5 billion hospital chain in India.

Aster DM Healthcare and Quality Care India, backed by Blackstone and TPG, are merging to form Aster DM Quality Care, one of India's top three hospital chains. The merged entity will have 38 hospitals and over 10,150 beds, valued at over $5 billion. Blackstone will own 30.7%, and Aster promoters 24%. The deal, expected to close by Q3 2026, aims to enhance financial resilience and growth potential, with plans to add 3,500 new beds by 2027.

November 29, 2024
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