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Aster DM Healthcare’s arm acquires additional 2% stake in Medcare Hospital

16 Sep 2022 Evaluate

Aster DM Healthcare’s step-down subsidiary -- Aster DM Healthcare FZC has acquired additional 2% stake in Medcare Hospital, a material step-down subsidiary of the Company on September 14, 2022. Consequent to the said acquisition, legal shareholding of Aster DM Healthcare FZC in Medcare Hospital shall increase from 73% to 75% and effective (beneficial) shareholding from 85% to 87%. Cost of acquisition is UAE Dirham 23.750 million.

Aster DM Healthcare operates as a healthcare company in the Middle East, India, and the Far East. It operates hospitals and clinics, pharmacies, diagnostic centers, educational institutions, and healthcare management and healthcare support systems.

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