Aster DM Healthcare expands network to GCC, India

Dubai / Emirates Business

Aster DM Healthcare, the Dubai based healthcare conglomerate, reported a healthy 2016-17 fiscal year led by its continued expansion and acquisition strategy. Over the past year, the group has expanded its network across GCC as well as India.
Aster DM Healthcare also announced the closure of US$295 million, comprehensive group-wide credit facility with Axis Bank. Based on the company’s performance and pipeline of projects, Axis Bank offered attractive terms and conditions that facilitated the financing process.
The company acquires 60% stake in Harley Street Medical Centre, Abu Dhabi, marking the company’s foray into niche healthcare specialty, including a day-care surgical centre.
Commenting on the company’s performance, Dr Azad Moopen, Founder Chairman and Managing Director of Aster DM Healthcare said, “The growth of our operation remains aligned to our vision of making quality healthcare easily accessible to the communities that we serve, across the world. We are at an exciting stage of our journey, as we continue to bridge the gap between available quality services and needs of our patients on a day-to-day basis. In 2016, we have been successful in expanding our horizons in both India and Middle East.”
The company currently operates under the Aster, Medcare and Access brands across 9 markets, including UAE, KSA, Qatar, Bahrain, Oman, Kuwait, Jordan, India and Philippines.