Aster DM Expands Hospital Network in Abu Dhabi
Aster DM Healthcare plans to open three hospitals in Abu Dhabi in the next two years, even as it delays an initial public offering to the end of the year.
The Dubai-based healthcare provider is looking for acquisitions in hospitals and pharmacies in India, the Arabian Gulf and the Middle East, while pushing back its IPO plans, said Alisha Moopen, Aster DM Healthcare’s chief executive for hospitals and clinics in the Arabian Gulf region.
By the end of 2018, it expects to open a 50-bed Aster hospital in Mussaffah followed by a 150-bed Medcare hospital near Maqta Bridge in 2018 and another Aster facility on the island with 100 to 150 beds.
A 100-bed Aster hospital in Sharjah is expected to open in a year’s time. The group’s largest Medcare branded hospital – a 150-bed facility – will open on Sharjah’s King Faisal Street in September. Details