Aster DM Healthcare, one of the largest integrated healthcare providers in India, has entered into an agreement to acquire the balance stake in Aster Adhaar Hospital (Prerana Hospital Limited) in Kolhapur, Maharashtra. With this acquisition, Aster DM Healthcare will own 100% of the target company, from the 87% stake it previously held. The transaction will be completed in two tranches and the indicative time period for completion of the acquisition is December 31, 2025. The complete acquisition of Prerana Hospital Limited marks a significant milestone for Aster DM Healthcare in its continued growth and diversification strategy.
The 254-bedded Aster Aadhar Hospital, Kolhapur is the city's most comprehensive multi-speciality hospital. It is the first hospital in the region to acquire the prestigious NABH Accreditation- the gold standard for quality healthcare. With 25+ specialties offered along with a panel of leading doctors and dedicated support staff, the hospital puts compassionate, quality care at the forefront.
Aster DM Healthcare is well-positioned to meet the increasing demand for advanced healthcare in India. Over the next 5 years i.e. FY25-FY29, the India business is set to achieve revenue CAGR ~18% - 20% YoY growth driven by an increased occupancy and addition of capacity. The Operating EBITDA margin is expected to reach a level of ~23%-25% over the next 4-5 years.
The subsidiary will operate and leverage the parent company's strengths, including its established market presence and financial stability, to consolidate growth and capture new opportunities.
Shares of Aster DM Healthcare Limited was last trading in BSE at Rs. 439.75 as compared to the previous close of Rs. 439.60. The total number of shares traded during the day was 100732 in over 2750 trades.
The stock hit an intraday high of Rs. 441.80 and intraday low of 435.45. The net turnover during the day was Rs. 44276971.00. |
