Brief: Aster DM Healthcare Says Co And Quality Care India To Merge

Aster DM Quality Care

29/11/2024 10:41

Nov 29 (Reuters) - Aster DM Healthcare Ltd  ATRD.NS :
    * ASTER AND BLACKSTONE-BACKED QUALITY CARE TO MERGE AND
CREATE ONE
OF THE TOP 3 HOSPITAL CHAINS IN INDIA 
    * CO AND QUALITY CARE INDIA TO MERGE
    * MERGED ENTITY TO BE NAMED ASTER DM QUALITY CARE LIMITED
    * MERGED ENTITY WILL BE JOINTLY CONTROLLED BY ASTER
PROMOTERS AND
BLACKSTONE, HOLDING 24.0% AND 30.7% OWNERSHIP RESPECTIVELY
    * MERGER TRANSACTION EXPECTED TO CLOSE BY Q3 FY26
    * ASTER SHAREHOLDERS WILL HOLD 57.3%
    * COMBINED ENTITY TO HAVE 38 HOSPITALS AND 10,150+ BEDS
    * QCIL SHAREHOLDERS WILL HOLD 42.7% IN MERGED ENTITY
    * VARUN KHANNA, GROUP MD OF QUALITY CARE, WILL BE MD AND
GROUP CEO
OF MERGED ENTITY


Further company coverage:  ATRD.NS 

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