Aster DM to Launch a 500 Bed Multi-Specialty Hospital

Aster DM Healthcare, one of the leading healthcare service providers in India and in GCC with presence in nine countries, has entered into an agreement with Subramanya Constructions and Development Company Limited (SCDC), one of the leading real estate developers, to construct a new hospital in Chennai. This 500 bed, state-of-the-art, multi-specialty hospital is expected to be commissioned in 2020. The total project cost of the hospital is estimated at Rs. 400 crore.

The hospital, which would be situated at a prime location in Chennai, will provide advanced healthcare services to the residents of Tamil Nadu and customers from other states in India as well as overseas.

Aster DM Healthcare, which was recently listed at NSE and BSE already operates 11 hospitals in South India with 4037 installed beds. The new facility is in line with Aster DM’s strategy of strengthening its presence in India. With the current diversified asset portfolios in Southern and Western India, Tamil Nadu was the only state without their presence. This new flagship hospital due to be commissioned in 2020 will offer state-of-the-art quaternary care services to the people of Tamil Nadu and fulfil the current gap within our network.

“Looking at the demand supply gap, there is a requirement for more hospitals in India in general and in Chennai in particular. We see India as a key market for Aster DM Healthcare in future.”

Dr Azad Moopen
Founder Chairman and Managing Director,
Aster DM Healthcare