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← Older revision		Revision as of 20:47, 22 August 2021
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	[[Category:Health care companies established in 1987]]		[[Category:Health care companies established in 1987]]
			[[Category:Companies listed on the National Stock Exchange of India]]
			[[Category:Companies listed on the Bombay Stock Exchange]]

>Serols: Reverted edits by 39.45.17.175 (talk) (HG) (3.4.10)

2021-06-10T11:41:56Z

Reverted edits by 39.45.17.175 (talk) (HG) (3.4.10)

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{{Infobox company
| name = Aster DM Healthcare Limited
| logo = File:ASTER DM HEALTHCARE LOGO.jpg
| logo_caption = Aster DM Health Care
| image =
| image_caption =
| type = [[Public]]
| traded_as = {{BSE|540975}}<br />{{NSE|ASTERDM}}
| ISIN = INE914M01019
| former_name = Dr.Moopen's Clinic
| industry = [[Healthcare]]
| founder = [[Azad Moopen]]
| location_city = [[Dubai]]
| location_country = [[UAE]]
| locations = 377 Establishments in 8 countries
| area_served = [[India]], [[Middle East]], [[South East Asia]], [[Cayman Islands]]
| num_employees = 38,000
| revenue = US$5.08 Billion (2018-2019)
| operating_income = US$890.1 Million (2018-2019)
| net_income = US$490.8 Million (2018-2019)
| assets = US$500 Million (2018-2019)
| equity =
| divisions = Hospitals, Clinics, Pharmacy, Labs, Homes, Retail, Online,Diagnostic Centre,College,School,Telemedicine,Opticals
| homepage = {{URL|asterdmhealthcare.com}}
}}
'''Aster DM Healthcare Limited''' is a publicly traded [[India]]n [[Conglomerate (company)|conglomerate]] health care provider founded in 1987 by [[Azad Moopen]] who hails from [[Kerala]], [[India]]. The company is registered in India . Aster DM Healthcare currently operates hospitals, diagnostic centres, medical centres and pharmacies in the [[India]] and [[Middle East]].

==History==

Aster DM Healthcare was founded in 1987 in Dubai, United Arab Emirates by [[Azad Moopen]], a doctor turned entrepreneur. The company is a private sector healthcare provider in the [[Middle East]]. The India registered healthcare conglomerate covers an array of healthcare verticals, from hospitals, clinics, pharmacies and healthcare consultancy service.

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. but sebi the regulator of Indian market asked the company to prove the overseas asset networth of the company.<ref>{{cite web | url=http://timesofindia.indiatimes.com/business/india-business/Aster-Health-lines-up-3-banks-for-Rs-1200-crore-IPO/articleshow/45029785.cms | title=Aster Health lines up 3 banks for Rs 1,200 crore IPO | newspaper=[[India Times]] | date=4 November 2014 | accessdate=30 March 2015 |author1=Zachariah, Reeba |author2=Kurian, Boby }}</ref>

In March 2015, the cricketer [[Sachin Tendulkar]] opened Aster DM Healthcare's 150th pharmacy in Abu Dhabi.<ref>{{cite web |url= http://www.thenational.ae/business/economy/sachin-tendulkar-enthrals-fans-in-abu-dhabi-as-aster-dm-healthcare-announces-ipo-plans |title= Sachin Tendulkar enthrals fans in Abu Dhabi as Aster DM Healthcare announces IPO plans |newspaper= The National |date=23 March 2015 |accessdate=30 March 2015 |author= Iyer, Srinivasan}}</ref> [[Sachin Tendulkar]] was the brand ambassador of Aster Pharmacy and CSR activities.<ref>{{Cite news |url= http://www.dnaindia.com/india/report-sachin-tendulkar-uae-healthcare-offer-over-rs-1-crore-for-needy-in-india-2071874 |title=Sachin Tendulkar, UAE healthcare offer over Rs 1 crore for needy in India {{!}} Latest News & Updates at Daily News & Analysis|date=2015-03-25|newspaper=dna|language=en-US|access-date= 2017-01-16}}</ref><ref>{{Cite web |url= http://pushintcom.com/aster_healthcare.html |title=PUSH Integrated Communication Pvt Ltd |website= pushintcom.com |access-date=2017-01-16}}</ref><ref>{{Cite news |url= http://nricafe.com/sachin-tendulkar-and-aster-offer-rs-1-69-crore-for-needy/|title=Sachin Tendulkar and Aster offer Rs 1.69 crore for needy |date=2015-03-31 |newspaper= NRICafe.com |access-date= 2017-01-16}}</ref>

==Aster Medcity==

[[Aster Medcity]] is the flagship hospital of Aster DM Health Care. It is located in [[Kochi]], [[India]] and was opened in 2015. At present, it is a 670 bed quaternary care healthcare centre in a 40-acre campus. The hospital plans to add 500 more beds in its second phase of expansion.<ref>{{cite web | url=http://www.khaleejtimes.com/mobile/inside.asp?xfile=/data/international/2014/November/international_November202.xml&section=international | title=Medcity — A big relief for advanced stage patients | publisher=Khaleej Times | date=10 November 2014 | accessdate=4 July 2015}}</ref>

==Business expansion==
In May 2011, Aster DM Healthcare opened its first medical centre in [[Sharjah (city)|Sharjah]], United Arab Emirates. The new centre was officially inaugurated by the veteran Indian play back singer [[K. J. Yesudas]] and various guests from the Government of Sharjah and Ministry of Health.<ref>{{cite web | url=http://www.highbeam.com/doc/1G1-257550220.html | archive-url=https://web.archive.org/web/20140714121934/http://www.highbeam.com/doc/1G1-257550220.html | url-status=dead | archive-date=14 July 2014 | title=DM Healthcare's Aster brand debuts in Sharjah | publisher=TadeArabia | date=16 May 2011 | accessdate=19 June 2014}}</ref>

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. Moopen told reporters in a press conference for the launch of the DM Healthcare Foundation Philippines Inc., which is providing free paediatric cardiac surgery to at least 50 Filipino children in two years.<ref name="manila">{{cite web | url=https://www.questia.com/read/1G1-323964499/middle-east-health-care-provider-keen-on-investing | title=Middle East Health Care Provider Keen on Investing in RP | newspaper=[[Manila Bulletin]] | date=13 February 2013 | accessdate=19 June 2014}}</ref> 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 neighbourhood.<ref>{{cite web | url=http://www.highbeam.com/doc/1G1-352688245.html | archive-url=https://web.archive.org/web/20181115054523/https://www.highbeam.com/doc/1G1-352688245.html | url-status=dead | archive-date=15 November 2018 | title=Aster Launches Access Clinic in Jafza | newspaper=[[Khaleej Times]] | date=12 December 2013 | accessdate=19 June 2014}}</ref>

In April 2014, the company announced the plans to establish help desks in [[Oman]] for 2 separate campuses of [[Aster Medcity]], South Asia's largest [[quaternary care]] hospitals being set up in [[Kochi]] and [[Thiruvananthapuram]] in [[Kerala]], [[India]].<ref>{{cite web | url=http://www.highbeam.com/doc/1G1-367098294.html | archive-url=https://web.archive.org/web/20150924154826/http://www.highbeam.com/doc/1G1-367098294.html | url-status=dead | archive-date=24 September 2015 | title=Aster DM Healthcare to Start Helpdesks in Oman | magazine=[[The Week (Indian magazine)|The Week]] | date=24 April 2014 | accessdate=19 June 2014}}</ref>

In August 2016, the company has taken over Kavery Medical Institute, Bangaluru and renamed as Aster CMI Hospital, Bangaluru. Its plans for 509 beds and inaugurated by cricketer Sachin Tendulkar on 27 August 2016. In Bengaluru there are four clinics with complete day care facility.

==Acquisitions==
In 2012, Olympus Capital Holdings Asia bought a minority stake in Aster DM Healthcare for 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.<ref>{{cite web | url=https://blogs.wsj.com/dealjournalindia/2012/01/18/olympus-capital-buys-dm-healthcare-stake-for-100-million/ | title=Olympus Capital Buys DM Healthcare Stake for $100 Million | newspaper=[[The Wall Street Journal]] | date=18 January 2012 | accessdate=19 June 2014| author=Joshi, Ashutosh}}</ref> In May 2014, Olympus Capital Holdings Asia invested another $60 million into the company.<ref>{{cite web | url=https://blogs.wsj.com/privateequity/2014/05/14/asian-private-equity-fund-face-pressure-to-invest-capital-hoard/ | title=Asian Private Equity Fund Face Pressure to Invest Capital Hoard | newspaper=The Wall Street Journal | date=14 May 2014 | accessdate=19 June 2014| author=Cheung, Sonja}}</ref>

==IPO Listing==
In Feb, 2018, Aster DM to launched IPO and set price band at Rs180-190 per share<ref>{{cite web | url=https://www.livemint.com/Companies/tbg6mguF2tR9DrhWFsvbEM/Aster-DM-to-launch-IPO-on-12-February-sets-price-band-at-Rs.html | title=Aster DM to launch IPO on 12 February, sets price band at Rs180-190 per share | newspaper=[[Live Mint]] | date=6 February 2018| accessdate=6 February 2018| author=Sneh Susmit}}</ref>

==Aster Volunteers==
Aster DM Healthcare announced the launch of the 'Aster Volunteers' programme as part of the milestone 'Aster @30' campaign marking their 30th anniversary<ref>{{cite web | url=https://www.outlookindia.com/newsscroll/aster-dm-healthcare-unveils-global-volunteers-programme-to-mark-30-years/1079627 | title=Aster DM Healthcare unveils global volunteers programme to mark 30 years | newspaper=[[Outlook India]] | date=17 June 2017 }}</ref> Aster DM Healthcare Founder Chairman & Managing Director Dr Azad Moopen briefed President Pranab Mukherjee about ‘Aster Emergency App’ in presence of Rajya Sabha Deputy during the launch of Aster Volunteers - Aster Emergency App to provide medical during the 'Golden Hour'<ref>{{cite web | url=http://www.ictflash.com/2017/05/27/aster-emergency-app-provide-emergency-medical-aid-golden-hour/ | title=Aster Emergency App to provide medical during the 'Golden Hour' | newspaper=ICT Flash}}</ref>

==See also==
* [[Health care provider]]

==References==
{{reflist|2}}

==External links==
* {{Official website|http://asterdmhealthcare.com}}

[[Category:Companies established in 1987]]
[[Category:Health care companies of India]]
[[Category:Health care companies of the United Arab Emirates]]
[[Category:Emirati companies established in 1987]]
[[Category:Health care companies established in 1987]]

Aster DM Healthcare - Revision history

MDPOliva97: typo fix

imported>DaxServer: Add back cat per discussion WP:TCAT using Pywikibot category add

>Serols: Reverted edits by 39.45.17.175 (talk) (HG) (3.4.10)