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Aster DM Healthcare to Merge with Quality Care India, Creating Major Hospital Chain with 34% Blackstone Stake

Nov 29, 2024, 12:35 PM

Aster DM Healthcare is nearing a significant merger with Quality Care India, backed by Blackstone, which will create one of India's largest hospital chains. The new entity will see Blackstone holding a 34% stake, TPG with 11%, and the Moopen family with approximately 23%. This merger is expected to solidify Aster DM's position among India's top three hospital operators. The deal, which involves a share swap, was first reported in August and is now set to be finalized, enhancing the competitive landscape in the Indian healthcare sector.