It all began with Dr. Azad Moopen’s dream to provide quality healthcare to all. The journey started with a small clinic in Dubai, which soon spread worldwide. Today, Aster DM Healthcare serves millions, and despite the name change, the love for Dr. Moopen and his vision remains powerful.
Today, let’s explore the history of Aster DM Healthcare and Aster Hospitals in India.
Aster Hospital History
The Story of Aster DM Healthcare dates back to 1987 in Dubai, UAE. It was founded by Dr. Azad Moopen.
The Aster Hospital owner, Dr Azad, started as a small healthcare provider in the Middle East. As of today, it has become India’s most prominent healthcare group. It has hospitals, clinics, pharmacies, and healthcare consultancy services in 7 nations.
In 2011, Aster kickstarted in the UAE by opening a medical centre in Sharjah. The opening ceremony was a big event, with K.J. Yesudas, a famous Indian playback singer.
This was just the beginning of Aster’s journey to expand its reach.
Two years later, in 2013, Aster DM Healthcare set its sights on the Philippines. They decided to start by building pharmacies, with plans to add hospitals later. Alongside this, Aster launched a special project: the DM Healthcare Foundation Philippines. What was so special about this one?
It aimed to provide free heart surgery for Filipino children in need.
By 2014, Aster’s vision expanded even further. The company was planning to build the Aster Medcity hospitals in Kochi and Thiruvananthapuram, two cities in Kerala, India. These hospitals were designed to be some of the largest healthcare centres in South Asia.
2015 was another exciting year. Sachin Tendulkar, India’s cricket legend, helped Aster celebrate a big achievement by opening its 150th pharmacy in Abu Dhabi. He became the face of Aster Pharmacy!
In the same year, Aster also increased its ownership in Sanad Hospital in Saudi Arabia.
In 2016, Aster took over the Kavery Medical Institute in Bengaluru, India. After upgrading the facilities, they renamed it Aster CMI Hospital. As of date, it has 509 beds and multiple specialised centres. The inauguration was again a star-studded affair, with Sachin Tendulkar doing the honours.
In 2018, Aster made its debut on the Indian stock exchange by launching its IPO. This move helped raise funds for its continued growth and expansion.
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By 2022, Aster was operating 16 hospitals in India, spreading its healthcare services to more people across the country.
Aster’s commitment to innovation grew even more in 2022. The company formed partnerships with Novartis and Siemens Healthineers.
Aster also opened an AI research lab at the prestigious Indian Institute of Science in Bengaluru, focusing on the development of AI technologies for neurology.
In December 2022, Aster celebrated its 35th anniversary by announcing that it had grown to operate 455 healthcare units across the UAE.
In 2023, Aster decided to split its business operations between the GCC and India, pending approval.
Aster DM Healthcare’s Updates- 2024
In 2024, Aster DM Healthcare has been in the news for multiple reasons:
- Aster DM Healthcare has successfully separated its India and GCC (Gulf Cooperation Council) businesses.
- Aster’s hospitals are gaining global recognition. Nine Aster hospitals made it to Newsweek’s ‘World’s Best Hospitals 2024’ list, including Aster CMI in Bengaluru and Aster Medcity in Kochi.
- Aster DM Healthcare is in advanced talks about merging with Care Hospitals.
Aster DM Healthcare Financial Results for Q2 and H1 FY25 (For the period ending September 30, 2024)
- Revenue Growth:
- In the first half of FY25 (H1), Aster’s revenue grew by 18% compared to the same period last year, reaching ₹2,088 Crore.
- In Q2 of FY25, revenue grew by 16%, reaching ₹1,086 Crore (up from ₹934 Crore in Q2 FY24).
- Profits:
- Aster’s profit before tax (PBT) grew by 134%, reaching ₹284 Crore in H1 FY25, compared to ₹121 Crore in H1 FY24.
Aster Hospitals: Exceptional Care, Every Step of the Way
Aster Hospitals is a leading healthcare provider in India. They offer world-class care. As of Nov 7th, 2024, Aster DM Healthcare ranks as the 9th largest healthcare company in India.
The hospitals are accredited by the National Accreditation Board for Hospitals & Healthcare (NABH).
Aster DM Healthcare is the parent organisation and a leading healthcare provider in the GCC region. Expanding its footprint in India, they have a registered office in Bangalore. The company prioritises clinical excellence and providing exceptional care through its hospitals, clinics, and pharmacies.
- 19 hospitals across India in states like Karnataka, Kerala, Maharashtra, Telangana, and Andhra Pradesh.
- Over 19,800 dedicated employees across the GCC and India.
- JCI accreditation for Aster Medcity, Cochin, and Aster Ramesh, Guntur.
- Aster’s NABL-endorsed laboratories offer high-tech medical services.
- Aster Clinics provides specialised care for everyday medical needs.
- Focus on delivering healthcare across primary, secondary, tertiary, and quaternary care through various services.
Total Specialties: 40+
Internal Medicine, Pulmonology, Critical Care Medicine, Emergency Medicine, Endocrinology & Diabetology, ENT and Head & Neck Surgery, Rheumatology, Vascular & Endovascular Surgery, Craniomaxillofacial Surgery, Ophthalmology, Dentistry, Dermatology, Physical Medicine & Rehabilitation, Anesthesiology, Psychiatry & Counselling Services, Pain & Palliative Medicine, Infectious Diseases & Travel Medicine, Fertility and IVF, Podiatry, Nuclear Medicine, Clinical Imaging & Interventional Radiology, Nutrition & Dietetic, Aster Wellness, Diagnostics & Blood Bank, Robotic Surgery, Laboratory Medicine.
The company’s mission is simple: “We’ll Treat You Well.” They are also among the first 100 companies to adopt digital healthcare standards, using technology to improve patient care.
And that’s how Aster DM Healthcare went from a small healthcare provider in Dubai to one of the biggest names in the healthcare industry, both in the Middle East and India.
FAQs: Aster Hospital History
Aster DM Healthcare provides healthcare services through its hospitals, clinics, pharmacies, and diagnostic centres. It also provides digital health services.
Aster DM Healthcare offers hospitals, pharmacies, diagnostic centres, digital health services, and even medical education. Some of its well-known brands include Aster, Medcare, and Access.
Aster DM Healthcare is ranked as the ninth-largest healthcare company in India by market cap.
Aster DM Healthcare was originally called Dr Moopen’s Clinic before it expanded and rebranded into the trusted healthcare provider it is today.
Aster DM Healthcare operates 19 hospitals across India, providing quality care in various locations.
Aster DM Healthcare operates in six GCC countries—UAE, Saudi Arabia, Oman, Qatar, Bahrain, and Kuwait—and has a strong presence in India.
Source- asterhospitals.in
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