Aster DM, Blackstone's Quality Care announces merger, to be among top 3 hospital chains in India
Quality Care India Ltd. (QCIL), a hospital platform owned by Blackstone, and Aster DM Healthcare announced that they had finalized merger arrangements.Aster DM Quality Care Limited will be the new name of the combined listed company.
With roughly 30.7% of the combined company, Blackstone will be the largest stakeholder. Aster promoters will own about 24%, while the general public and other shareholders, including TPG, would own the remaining 10.22%.