INDIA – Ramesh Hospitals has changed its name to Aster Ramesh Hospitals as Aster DM Healthcare Limited continues its rebranding strategies and aggressive expansion across India.
Aster DM Healthcare has successfully re-branded all four of its hospitals in Andhra Pradesh including 2 facilities located in Vijaywada, one facility situated in Guntur, and another facility positioned in Ongole.
The rebranding is a reflection of the integrated healthcare service provider’s ongoing expansion into new markets in India and in the Gulf Cooperation Council (GCC) countries.
In a press release, Dr. Ramesh Babu, Managing Director of Aster Ramesh Hospitals, said: “The association with Aster DM Healthcare has been a transformative collaboration for Ramesh Hospitals.”
Dr. Ramesh Babu noted that the partnership with Aster DM Healthcare had played a crucial role in bringing the synergy of a multinational player to Andhra Pradesh.
He further said that the collaborative efforts have enabled Ramesh Hospitals to leverage the expertise of highly acclaimed doctors within the Aster Network.
“Ramesh Hospitals are leveraging the expertise of highly acclaimed doctors within the Aster Network particularly in robotic surgeries, heart & liver transplantations, advanced oncology services, adoption of best clinical, and scientific practices,” underlined Dr. Ramesh Babu.
According to the company’s press release, all four of the Ramesh hospitals will now be known as Aster Ramesh Hospitals.
Through the strategic rebranding efforts, Aster DM Healthcare aims to establish Aster Ramesh Hospitals as a premier multi-specialty healthcare institution in Andhra Pradesh and across South India.
Aster DM Healthcare’s hospitals across India are operating at near-full capacity, demonstrating the trust and confidence that patients place in their exceptional healthcare services.
On his part, Dr. Azad Moopen, Founder Chairman, and Managing Director of Aster DM Healthcare, said: “With the rebranding of the group to Aster Ramesh Hospital, we are all set to become South India’s leading healthcare brand for top-notch clinical expertise, high-end medical care and patient service excellence.”
By fostering the exchange of ideas and leveraging medical expertise, Aster DM Healthcare will continue providing patients with comprehensive and satisfying health outcomes
It is in line with the group’s devotion to redefining healthcare excellence and creating a brighter future for all people as it continues to enhance its presence and impact in the Indian healthcare landscape.
Commenting on the strategic rebranding, Dr. Azad Moopen stated: “Our association with Ramesh Hospitals has flourished over the years, with Ramesh Hospitals emerging as the most renowned and trusted healthcare provider in the region, sought after by patients from near and far alike.”
These latest shares were acquired from one of the large private equity investors in a buyout deal valued at nearly Rs 460 crores (US$55,991,706 million).
The deal raises the promoters of Aster DM Healthcare’s stake in the company to 41.88%% and the valuation of Aster DM Healthcare stands at US$1.4 billion as of March 2023.
The rebranding exercise comes after Dr. Moopen’s family increased its stake in Aster DM Healthcare, as it continues to consolidate its shareholding in the company.
Aster DM Healthcare has pledged its commitment to increasing additional beds to existing units at its healthcare facilities, alongside exploring greenfield and brownfield opportunities in the sector.
With the latest rebranding exercise, Aster DM Healthcare has added 7101 beds to its medical capacity taking the total bed capacity to 4317 in India only.
This profitable growth is attributed to the company’s ability to maintain financial stability and sign more distribution and importation agreements with several Indian hospital chains.
As of the previous fiscal year, Aster has entered into different hospital operation and management agreements (O&M) with leading healthcare facilities as it continues to deepen its foothold in India.
Aster formed strategic partnerships with key players in the Indian healthcare sector including G. Madegowda Super Specialty Hospital in Mandya, Karnataka, and Narayanadri Hospitals and Research Institute (NHRI) in Tirupati, Andhra Pradesh.
Currently, the giant healthcare provider has 17 operational hospitals, over 250 pharmacies, 2 Reference labs, 20 Satellite labs, 2 CPECs, and 176 FPECs in multiple locations in India.
For all the latest healthcare industry news from Africa and the World, subscribe to our NEWSLETTER, and YouTube Channel, follow us on Twitter and LinkedIn, and like us on Facebook.
