- 20 Jun 2022
- ICICIdirect Research
ASTER DM UNVEILS NEW 550-BED SUPER-SPECIALTY HOSPITAL IN TRIVANDRUM
ASTERDM - 496 Change: -3.50 (-0.70 %)News: Aster DM has launched an integrated super-specialty facility at Trivandrum, Kerala with capacity of 550-bed hospital. The company will invest ~ Rs. 500 crore on this project and the first phase of 350 capacity beds is expected to be operational by FY26
Views: Aster Capital at Trivandrum will deliver primary to quaternary healthcare services. Aster DM is on course to further its large presence across five States of Kerala, Karnataka, Maharashtra, Andhra Pradesh and Telangana with ~ Rs. 300 crore capex per annum being allocated for the next two to three years for expansion in India. Aster DM is likely to benefit from a normalised occupancy levels, higher medical tourism and 5-10% price hike in FY23. We are positive on Aster’s integrated business model in GCC and Aster’s growth strategy for India
Impact: Positive