Aster DM, Blackstone-backed Quality Care announces merger
Mint · 14h
Aster DM, Blackstone-backed Quality Care announce merger in $5 bn deal
The merger between Aster DM Healthcare and QCIL, valued at $5.08 billion, forms Aster DM Quality Care, the third-largest hospital chain in India. The entity will operate 38 hospitals with plans to increase bed capacity significantly over the next two years.
moneycontrol.com · 1d
Aster DM and Blackstone-backed Quality Care to merge, create one of India's largest hospital chains
Aster DM Healthcare Ltd on November 29 said it will acquire 1.9 crore shares of Blackstone-owned CARE Hospitals at Rs 445.8 per share. In a stock exchange filing, Aster DM said it will 1.9 crore equity shares of Quality Care India Limited by issuing 1.86 crore of its own shares to QCIL shareholders.
Business Standard · 1d
Aster DM adds Quality to ranks in India's biggest health care deal
Aster DM Healthcare has announced a merger with Blackstone-backed CARE Hospitals with the Bengaluru-based company, leading to the creation of Aster DM Quality Care, which will be among the top three players in India with 38 hospitals and a presence in 27 cities of the country.
Indiatimes · 21h
Aster DM, Blackstone's Quality Care announces merger, to be among top 3 hospital chains in India
Aster DM Healthcare and Blackstone-owned QCIL have agreed to merge, forming Aster DM Quality Care Limited. Blackstone will hold roughly 30.7% of the merged entity, valued at ₹42,000 crore. The deal, expected to close by Q3 FY26,
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