What does this merger mean for the health-care industry and you?
We believe this is one of the biggest transactions—monumental for Aster and the Indian health-care sector. Aster's amalgamation with Blackstone-backed Quality CARE will become one of the top three platforms in India. For us, it doubles our platform and size. We've had a strong presence in South India, and now we're expanding into Central India. Combined, we have around 10,150 beds and more than 3,000 additional beds in the pipeline.
In two to three years, we expect to have 13,500 beds. We are talking about a valuation of ₹43,500 crore now. Our focus will be on merging these entities and leveraging the combined benefits. From a business point of view, there are economies of scale, purchasing power, advantages in buying capex, and much more. From a patient's point of view, it will help improve doctor assets and clinical outcomes. Definitely, a lot of synergies exist in terms of business and consumers.
You are predominantly South India-focused. Will this open door to North India?
This story is from the November 30, 2024 edition of Business Standard.
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This story is from the November 30, 2024 edition of Business Standard.
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