Hyderabad: Aster DM Healthcare Ltd., one of India’s largest integrated healthcare providers, has acquired an additional 13% stake in its subsidiary Dr. Ramesh Cardiac and Multispeciality Hospital Pvt. Ltd. (DRCMHPL), popularly known as Aster Ramesh Hospitals.
With this transaction, Aster DM’s shareholding has increased from 57.49% to 70.49%, further consolidating its presence in Andhra Pradesh.
Transaction Details
- The 13% stake was acquired for ₹63.01 crore, funded entirely through internal accruals.
- The deal was executed under the terms of the Shareholders Agreement, which granted the promoter group a Put Option to divest part of their equity.
- The acquisition does not bring any changes to the board composition or management structure of Aster Ramesh Hospitals.
Strategic Significance
Dr. Azad Moopen, Founder & Chairman of Aster DM Healthcare, said the enhanced investment reflects Aster’s long-term commitment to strengthening its leadership in South India.
“Andhra Pradesh has always been a region of significant importance for us. Our deeper stake in Aster Ramesh Hospitals reinforces our belief in its growth potential and our mission to expand high-quality, accessible healthcare in non-metros,” he said.
Aster Ramesh Hospitals, which joined hands with Aster DM in 2016, currently operates five hospitals with 739 beds across Andhra Pradesh. It is widely recognized for its cardiac and multispeciality services.
Growth Plans
The group recently announced a 500-bed new hospital with an investment of ₹580 crore as part of its expansion drive. Meanwhile, Aster Ramesh Hospitals is adding 75 beds at its Ongole unit, expected to be operational by Q2/Q3 of FY26.
The stake hike follows Aster DM’s merger with Quality Care India Ltd. (backed by Blackstone), which positioned it among the country’s top healthcare providers with robust infrastructure, strategic partnerships, and a strong focus on patient-centric care.
