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Aster DM Healthcare’s Expansion and Investment Blueprint

Aster DM Healthcare's strategic partnership with Fajr Capital, valued at $1.7 billion, is expected to produce significant employment.

Aster DM Healthcare’s strategic deal with Fajr Capital, valuing its GCC business at $1.7 billion, is poised to generate significant employment, with plans to create over 2,000 jobs in the coming years, according to Alisha Moopen, managing director and group CEO of Aster GCC business.

Expansion Plans and Saudi Arabia Ventures:

The healthcare conglomerate eyes an expansion into Saudi Arabia, intending to establish nearly 250 pharmacies while preparing to launch Medcare Royal Hospital in Al Qusais. 

Dr. Azad Moopen, founder and chairman of Aster, highlighted these initiatives in an interview with Khaleej Times, emphasizing the bulk of upcoming recruitment in these domains.

The agreement with Fajr Capital involves taking the GCC business private and segregating it from the listed Indian arm. Alisha Moopen views this move as a means to focus on each geography separately, thereby unlocking shareholder value.

Enriching Offerings and Digital Evolution:

Aster, serving approximately 20 million customers annually across pharmacies, clinics, and hospitals, plans to augment its digital presence alongside physical expansions. 

Alisha Moopen emphasized the growth of the Aster app, boasting over 1 million downloads and poised for rapid expansion.

Dr. Azad Moopen foresees a positive impact from the deal, particularly in expanding tertiary and quaternary healthcare services. Aster aims to amplify its offerings in oncology and expects increased capacity in specialized fields.

Dubai’s Medical Tourism Potential:

Dubai, recognized as a hub for medical tourism, seeks to bolster its healthcare offerings beyond cosmetic procedures. 

Dr. Moopen underscores the necessity for advanced facilities in women’s health, orthopedics, and robotic surgery to cater to evolving healthcare demands in the region.

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