Aster DM Plans INR 4000 Cr Expansion to Add 4080 beds, Secures Approval for QCIL Merger

The combined entity is expected to operate 39 hospitals across nine states with a total capacity of 10,625 beds.

Aster DM Healthcare has outlined plans to invest around INR 4000 crore aimed at strengthening its hospital network in India by adding more than 4000 beds.

The healthcare giant has successfully secured approval for its proposed merger with Quality Care India (QCIL), which is expected to combine Aster DM Healthcare’s existing hospitals with the facilities operated by Quality Care India.

The combined entity is projected to become one of the largest hospital networks in the country in terms of bed capacity.

Sharing his thoughts on the merger, Azad Moopen, Founder Chairman of Aster DM Healthcare, said, “Looking ahead, India will remain a key growth market for the merged entity. We plan to add 4,080 beds over the next few years, supported by a capital outlay of approximately INR 4,000 crore. Of these planned additions, 2,368 beds will be added by Aster DM, and remaining by QCIL.”

“By bringing together Aster DM Healthcare and Quality Care India, we are building a scaled, future-ready healthcare platform with the clinical depth, operational strength, and governance framework required to serve millions of patients across the country,” he added.

The move follows the earlier announcement in November 2024, when Aster DM Healthcare announced the merger with Blackstone and TPG-backed QCIL, which manages hospital brands including CARE Hospitals, KIMSHEALTH, and Evercare Hospitals India.

Reportedly, the combined entity is expected to operate 39 hospitals across nine states with a total capacity of 10,625 beds.

Further, post-merger, the company plans to scale up total capacity to 14,710 beds by FY28.

The merger is expected to be completed in the next quarter, subject to regulatory and statutory approvals.

Commenting on the new development, Alisha Moopen, Deputy Managing Director, Aster DM Healthcare India, said, “India is now our largest growth market, and we plan to invest aggressively over the next three years. Our expansion strategy focuses on both greenfield projects and selective acquisitions.”

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