The financing will support Aster in launching two new multi-specialty hospitals in Dubai, adding 250+ beds to the existing capacity of around 920 beds. Image used for illustrative purpose.
The facility will be used to develop two multi-specialty hospitals in Dubai
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The UAE-based Aster DM Healthcare has secured 265 million dirhams ($72 million) in financing from Emirates Development Bank (EDB).
The facility, which can be upsized, will be used to develop two multi-specialty hospitals in Dubai.
In 2024, a consortium of investors led by Fajr Capital acquired a 65% stake in Aster’s GCC business. Aster DM’s founder, Dr Azad Moopen, and his family continue to operate and manage the business.
(Writing by Brinda Darasha; editing by Bindu Rai)
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