Company Insights Aster DM Healthcare Health Aster DM Healthcare Overview Global healthcare conglomerate Aster DM Healthcare was founded in 1987 by Indian healthcare entrepreneur Azad Moopen. Based in Dubai, the company has expanded its operations across the Middle East, with a strong presence across the six GCC countries and India. Since its inception Aster DM Healthcare has been dedicated to delivering high-quality, affordable healthcare services, The company has established state-of-the-art hospitals, clinics and pharmacies, as well as introducing innovative healthcare solutions. In 2018 Aster DM Healthcare successfully completed its IPO and listed on the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE). In November 2023 the company decided to split its GCC and India operations into two separate businesses. The decision was taken to provide greater strategic and financial flexibility for the individual businesses to meet the specific healthcare needs of patients in their respective markets. As part of this strategy, Aster DM Healthcare agreed to sell a 65% stake in its Gulf business to a Dubai private equity firm for $1 billion. The Gulf business generates 70 percent of Aster’s revenues. Aster DM Healthcare is planning to expand even further in Saudi Arabia. It wants to increase its current roster of 250 hospital beds in Riyadh to 1,000 beds to help meet the country’s increasing demand for affordable healthcare services. Aster is also expanding in high-demand fields such as orthopedics, physical rehabilitation, women’s and children’s health, and general surgery. Aster DM Healthcare News Health Health insurance shake-up for care in Northern Emirates Mandatory health insurance in the poorer Northern Emirates of the UAE is likely to lead to an expansion of healthcare facilities and increased M&A activity, experts have said. In March last year the UAE announced a plan to introduce mandatory health insurance for all workers in the Northern Emirates – Sharjah, Ajman, Umm Al Quwain, […] January 16, 2025 Analysis Health Gulf’s growth in retirees drives demand for senior services Changing demographics globally are paving the way for a new seniors industry in the Gulf. UAE-headquartered Aster DM Healthcare and Bahrain’s GFH Financial Investment Group are Gulf household names that have entered this fledgling but promising business with targeted medical and property services. The baby boomer generation now ranges between 60 and nearly 80 years […] December 16, 2024 EXCLUSIVE Health Aster DM Healthcare expects to close Saudi deals in months Aster acquiring hospitals Evaluating 'five or six assets' Plans for 1,000 beds Aster DM Healthcare is buying more clinics and hospitals in Saudi Arabia with some deals expected to close in the coming months. The hospital operat... Register now: It’s easy and free This content is available for registered members only. Register for your free […] November 13, 2024 Health Sulaiman Al Habib secures $347m loan for Saudi expansion Dr. Sulaiman Al Habib Medical Services Group Company has secured long-term financing to expand across Saudi Arabia amid growing competition for healthcare services in the kingdom. The company, which trades on the Saudi stock exchange, has signed a sharia-compliant credit facility worth SAR1.3 billion ($347 million) with Al Rajhi Bank, a Saudi-listed lender. The 13-year-long facility will […] October 1, 2024 People & Lifestyle Aster DM Gulf unit explores $250m Saudi expansion The UAE-based hospital chain Aster DM Healthcare’s Gulf unit is exploring acquisitions worth $250 million to expand its presence in Saudi Arabia. The deals will focus on medical centres and hospitals, Bloomberg reported, quoting Alisha Moopen, managing director and group CEO of Aster’s Gulf Cooperation Council unit. These deals will be finalised in the next […] September 29, 2024 Analysis Health Affordable healthcare in the GCC: a prescription for profit The GCC’s affordable healthcare market is ripe for investment, research suggests, as patients are forced to travel to India, Thailand or Egypt to find cheap treatment. Low-income inhabitants make up about 38 percent of the Gulf’s total population, according to Mansoor Ahmed, executive director for healthcare at Colliers Middle East in Dubai. The proportion ranges […] July 10, 2024 Health Aster DM completes GCC and India business split Hospital chain Aster DM Healthcare has concluded the separation of its GCC and India businesses into two standalone entities. As part of the separation plan, a consortium of investors led by Fajr Capital, a UAE sovereign-backed private equity firm, acquired a 65 percent stake in Aster GCC. Dr Azad Moopen, the founder chairman of Aster, […] April 4, 2024 Health Aster DM says India, GCC business split nears closure Hospital chain Aster DM Healthcare has confirmed that the separation of its GCC and Indian businesses and the proposed investment in the former by a Dubai private equity firm are nearing completion. The company agreed to sell a 65 percent stake in its Gulf business to a state-backed Fajr Capital-led consortium for $1 billion in November […] March 21, 2024 Exclusive Health Dubai hospitals are ailing in saturated healthcare market The general healthcare sector in Dubai is buckling under saturation, with weaker operators shutting down or battling financial woes, Dr Azad Moopen, the founder and chairman of Aster DM Healthcare, told AGBI. The healthcare sector in the emirate faces a challenging economic climate, marked by stubborn inflation, high interest rates and slow growth. The introduction […] February 6, 2024 Health Training and tech to tackle healthcare staff shortage Technology and training combined can aid the impending recruitment crisis in UAE healthcare, experts say. Globally there will be an estimated shortfall of 10 million workers in the industry by 2030, primarily in low and middle income countries, according to the World Economic Forum. The UAE has not been spared. Research from Colliers showed there […] February 1, 2024 Posts navigation 1 2 Next
Health Health insurance shake-up for care in Northern Emirates Mandatory health insurance in the poorer Northern Emirates of the UAE is likely to lead to an expansion of healthcare facilities and increased M&A activity, experts have said. In March last year the UAE announced a plan to introduce mandatory health insurance for all workers in the Northern Emirates – Sharjah, Ajman, Umm Al Quwain, […] January 16, 2025
Analysis Health Gulf’s growth in retirees drives demand for senior services Changing demographics globally are paving the way for a new seniors industry in the Gulf. UAE-headquartered Aster DM Healthcare and Bahrain’s GFH Financial Investment Group are Gulf household names that have entered this fledgling but promising business with targeted medical and property services. The baby boomer generation now ranges between 60 and nearly 80 years […] December 16, 2024
EXCLUSIVE Health Aster DM Healthcare expects to close Saudi deals in months Aster acquiring hospitals Evaluating 'five or six assets' Plans for 1,000 beds Aster DM Healthcare is buying more clinics and hospitals in Saudi Arabia with some deals expected to close in the coming months. The hospital operat... Register now: It’s easy and free This content is available for registered members only. Register for your free […] November 13, 2024
Health Sulaiman Al Habib secures $347m loan for Saudi expansion Dr. Sulaiman Al Habib Medical Services Group Company has secured long-term financing to expand across Saudi Arabia amid growing competition for healthcare services in the kingdom. The company, which trades on the Saudi stock exchange, has signed a sharia-compliant credit facility worth SAR1.3 billion ($347 million) with Al Rajhi Bank, a Saudi-listed lender. The 13-year-long facility will […] October 1, 2024
People & Lifestyle Aster DM Gulf unit explores $250m Saudi expansion The UAE-based hospital chain Aster DM Healthcare’s Gulf unit is exploring acquisitions worth $250 million to expand its presence in Saudi Arabia. The deals will focus on medical centres and hospitals, Bloomberg reported, quoting Alisha Moopen, managing director and group CEO of Aster’s Gulf Cooperation Council unit. These deals will be finalised in the next […] September 29, 2024
Analysis Health Affordable healthcare in the GCC: a prescription for profit The GCC’s affordable healthcare market is ripe for investment, research suggests, as patients are forced to travel to India, Thailand or Egypt to find cheap treatment. Low-income inhabitants make up about 38 percent of the Gulf’s total population, according to Mansoor Ahmed, executive director for healthcare at Colliers Middle East in Dubai. The proportion ranges […] July 10, 2024
Health Aster DM completes GCC and India business split Hospital chain Aster DM Healthcare has concluded the separation of its GCC and India businesses into two standalone entities. As part of the separation plan, a consortium of investors led by Fajr Capital, a UAE sovereign-backed private equity firm, acquired a 65 percent stake in Aster GCC. Dr Azad Moopen, the founder chairman of Aster, […] April 4, 2024
Health Aster DM says India, GCC business split nears closure Hospital chain Aster DM Healthcare has confirmed that the separation of its GCC and Indian businesses and the proposed investment in the former by a Dubai private equity firm are nearing completion. The company agreed to sell a 65 percent stake in its Gulf business to a state-backed Fajr Capital-led consortium for $1 billion in November […] March 21, 2024
Exclusive Health Dubai hospitals are ailing in saturated healthcare market The general healthcare sector in Dubai is buckling under saturation, with weaker operators shutting down or battling financial woes, Dr Azad Moopen, the founder and chairman of Aster DM Healthcare, told AGBI. The healthcare sector in the emirate faces a challenging economic climate, marked by stubborn inflation, high interest rates and slow growth. The introduction […] February 6, 2024
Health Training and tech to tackle healthcare staff shortage Technology and training combined can aid the impending recruitment crisis in UAE healthcare, experts say. Globally there will be an estimated shortfall of 10 million workers in the industry by 2030, primarily in low and middle income countries, according to the World Economic Forum. The UAE has not been spared. Research from Colliers showed there […] February 1, 2024
