Aster, Blackstone-backed Quality Care to merge

Quick Summary:

The merged entity, Aster DM Quality Care Limited, will have more than 10,150 beds spanning 27 cities, and is expected to become one of the top 3 hospital chains in India.

The transaction values Aster at 36.6x FY24 adjusted post INDAS EV/ EBITDA, which is 45% higher than the multiple ascribed to QCIL i.e.25.2x FY24 adjusted post INDAS EV/ EBITDA, the statement said.

The merger is expected to add to the earnings per share.

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Article Details

Author / Journalist: Abha Warrier

Category: StartupsEconomyBusiness

Markets: India

Topics: Limited Aster Merged Beds Quality Privacy Care Entity Policy Hospital Expected

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-30 @ 06:32:11 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 321 words

Reading Time: 2 minutes read

Sentences: 17 lines

Sentence Length: 19 words per sentence (average)

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Copyright Owner: © YourStory

News ID: 23963632

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