Latest news with #AzadMoopen
The Hindu
07-08-2025
- Business
- The Hindu
Aster to invest ₹580 crore to set up 500-bedded hospital in Yeshwanthpur
Aster DM Healthcare, a city-based healthcare firm, said it would invest ₹580 crore to develop a 500-bedded multi-specialty hospital in Yeshwanthpur, as part of its footprint expansion plan. With a planned built-up area of approximately five lakh sq. ft, the facility, which would be coming up on a Built-to-Suit (BTS) model, would take Aster's total bed capacity in Bengaluru to 2,580. The new hospital, fifth in the city, would become operational in the second half of the 2028-29 fiscal year, Aster DM said. Azad Moopen, founder and chairman, Aster DM Healthcare, said, 'With this new addition in Yeshwantpur, we are expanding our capacity in the city to 2,580 beds—making it one of the largest private hospital networks in a single Indian metro. Our vision is to build a seamlessly connected, high-quality healthcare ecosystem across urban India, and Bengaluru is at the heart of this ambition.' The new hospital would reflect the healthcare firm's asset-light expansion approach, using Built-to-Suit models to deliver world-class healthcare infrastructure in high-demand corridors, while ensuring capital efficiency, he said. 'Over the next few years, we aim to significantly increase our presence across South India by entering new cities and strengthening our footprint in existing ones,' Mr. Moopen added.
Deccan Herald
05-08-2025
- Business
- Deccan Herald
Bengaluru: Aster DM Healthcare to invest Rs 580 crore on 500-bed hospital in Yeshwanthpur
Bengaluru: Healthcare provider Aster DM Healthcare on Tuesday announced a Rs 580-crore investment to develop a 500-bed multi-specialty hospital in Yeshwanthpur. This new facility will be Aster's fifth hospital in Bengaluru, bringing its total bed capacity in the city to 2,580 new hospital is expected to be operational in the second half of FY Azad Moopen, founder and chairman, Aster DM Healthcare, said, 'The Yeshwanthpur hospital marks a significant milestone in Aster DM Healthcare's India growth strategy, especially in a vibrant and rapidly evolving healthcare market like Bengaluru. With this addition, we are expanding our capacity in the city to 2,580 beds—making it one of the largest private hospital networks in a single Indian metro.'.'Equip maxillofacial surgeons in govt hospitals'. 'Over the next few years, we aim to significantly increase our presence across South India by entering new cities and strengthening our footprint in existing ones,' he added.. Yeshwanthpur caters to a catchment of nearly 3–4 million people, with growing demand for advanced tertiary healthcare services.
United News of India
05-08-2025
- Business
- United News of India
Aster DM Healthcare to Invest Rs 580 cr in new hospital
Bengaluru, Aug 5 (UNI) Aster DM Healthcare today announced plans to set up its fifth multi-specialty hospital in Bengaluru with an investment of ₹580 crore. The new 500-bedded facility will be located in Yeshwanthpur, taking the total bed capacity of Aster hospitals in the city to 2,580. The new hospital will be built under a Built-to-Suit (BTS) model, consistent with Aster's asset-light expansion strategy. The facility is expected to be operational in the second half of FY 2028–29. The company has entered into a long-term lease agreement with Kemwell Pvt Ltd for 30 years, with provision for renewal. Speaking on the occasion, Dr Azad Moopen, Founder and Chairman of Aster DM Healthcare, said, 'The Yeshwanthpur hospital marks a major milestone in our India growth journey. With this addition, we are poised to become one of the top three healthcare providers in Bengaluru.' The planned facility, with a built-up area of 5 lakh sq ft, will be fully operated and managed by Aster. The group had recently announced a similar model-based hospital on Sarjapur Road. The hospital's location in Yeshwanthpur, a growing urban corridor in northwest Bengaluru, offers connectivity via Tumkur Road, Outer Ring Road, Bellary Road, and the Green Line of Namma Metro, in addition to its proximity to Yeshwanthpur Railway Junction. It will cater to a catchment population of 3–4 million people, including tech parks, industrial areas, and residential hubs. Aster DM Healthcare currently operates 19 hospitals with over 5,000 beds, along with 10 clinics, 203 pharmacies, and 259 labs and patient experience centers across five Indian states. UNI BDN GNK
News18
05-08-2025
- Business
- News18
Aster DM Healthcare to set up Rs 580-cr multi-specialty hospital in Bengaluru
Agency: Bengaluru, Aug 5 (PTI) Aster DM Healthcare on Tuesday announced an investment of Rs 580 crore to set up a state-of-the-art, 500-bed multi-specialty hospital in Yeshwanthpur. The upcoming facility will be the company's fifth hospital in the city, taking Aster's total bed capacity in Bengaluru to 2,580, according to Dr Azad Moopen, founder and chairman, Aster DM Healthcare. The hospital is expected to become operational in the second half of FY 2028-29, the company said in a press release. 'This new hospital reflects our asset-light expansion strategy, leveraging Built-to-Suit models to deliver world-class healthcare infrastructure in high-demand corridors while maintaining capital efficiency," Dr Moopen added. PTI JR SSK First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Gulf Today
31-07-2025
- Health
- Gulf Today
Aster launches scholarship programme for students
In a pathbreaking initiative to make medical education accessible to meritorious students and students from economically challenged backgrounds, Padma Shri Dr. Azad Moopen, Founder & Chairman of Aster DM Healthcare and a globally recognised philanthropist, has announced an annual scholarship programme, Dr. Moopen's Legacy Scholarship & Fellowships Programme, aimed at supporting meritorious students seeking admissions in Dr. Moopen's Medical College, Dr Moopen's Nursing College and Dr Moopen's College of Pharmacy in Wayanad, Kerala. This initiative marks the first time a private medical college in Kerala is offering a 100% tuition fee waiver for eligible meritorious medical students, promising to transform access to quality healthcare education for talented, deserving individuals. The scholarships will be offered to 25 eligible students applying for MBBS, BSc Nursing, and BPharm courses. Each year, 5 MBBS, 10 BSc Nursing, and 10 BPharm students will receive these scholarships. For MBBS scholarships, selection will be based solely on merit, recognizing and encouraging students with excellent academic track records and top NEET rankings. While these students often receive priority in admissions, this initiative aims to provide further recognition. Meanwhile, BSc Nursing and candidates will be chosen based on academic merit and financial need. The scholarship will cover the entire tuition fees, subject to the students meeting basic academic performance and adherence to programme guidelines. Over the next five years, 125 students will benefit, with the total financial commitment expected to exceed INR 3 crore per annum. Dr. Azad Moopen, Founder & Chairman, Aster DM Healthcare and Managing Trustee of Dr. Moopen's Education and Research Foundation said, 'Education is the foundation of a stronger and more inclusive society. I have heard countless stories of talented students who were forced to abandon their dreams of becoming doctors, nurses, or pharmacists simply because they lacked financial support. I firmly believe that no capable student should have to give up such aspirations due to economic constraints especially in a field as vital as healthcare. The Dr. Moopen's Legacy Scholarship & Fellowships Programme marks a formal and larger commitment: not just to fund education, but to create opportunities that can transform the lives of individuals, their families, and an entire community. By empowering meritorious students and students from economically challenged backgrounds, we aim to nurture a new generation of healthcare professionals who will carry forward the mission of delivering compassionate, quality care to those who need it most.' This initiative builds on Dr. Moopen's vision of transforming healthcare in underserved regions. Dr. Moopen's Medical College, established in 2012, was the first medical college in Kerala to be set up in a hilly, tribal, and backward district. Its mission has been to address the shortage of quality healthcare in such regions while inspiring local communities including tribal youth to pursue careers in medicine. The Dr. Moopen's Legacy Scholarship & Fellowships Programme extends that mission, ensuring financial constraints never stand in the way of deserving talent. Having nurtured around 900 young doctors across 6 batches, Dr. Moopen's Medical College is a sustainable medical education hub in the country. The college has quickly become a centre of excellence, boasting experienced faculty, a high-quality library, a museum, and a hospital operating with tertiary care facilities. Applications for the scholarship will open on 28th July 2025 and applicants can find more details and eligibility guidelines on - Dr. Azad Moopen, Founder & Chairman, Aster DM Healthcare and Managing Trustee, Dr. Moopen's Education and Research Foundation (DMERF), Alisha Moopen, Deputy Managing Director, Aster DM Healthcare India and Trustee, DMERF, Anoop Moopen - Director, Aster DM Healthcare and Trustee, DMERF, TJ Wilson, Executive Director & Group Head-Governance & Corporate Affairs and Dr. Shanavas Palliyal, DGM Operations, Dr. Moopen's Medical College spoke during the launch conference held at Kochi. Aster DM Healthcare Limited is among India's leading healthcare providers, operating 19 hospitals with 5,159 beds, 10 clinics, 203 pharmacies (under Alfaone Retail Pharmacies Private Limited), and 262 laboratories and experience centres across five states.
