Latest news with #Moopen
The Hindu
2 days ago
- 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.
News18
4 days ago
- 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.
Time of India
28-07-2025
- Health
- Time of India
Dr Moopen announces annual scholarship programme
Kochi: Aster DM Healthcare founder and chairman Dr Azad Moopen has announced an annual scholarship programme, Dr Moopen's Legacy Scholarship and 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. A 100% tuition fee waiver will be given to eligible meritorious medical students under the scholarship. Each year, five MBBS, 10 BSc nursing and 10 BPharm students will receive these scholarships. For MBBS scholarships, selection will be based solely on merit with excellent academic track records and top NEET rankings. Meanwhile, BSc nursing and BPharm candidates will be chosen based on academic merit and financial need. The scholarship will cover 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 Rs 3 crore per annum. Applications for the scholarship are open. More details and eligibility guidelines are available on
Gulf Today
21-07-2025
- Business
- Gulf Today
Kerala's Azad Moopen among India's top 5 promoter-investors
Dr. Azad Moopen, Founder & Chairman, Aster DM Healthcare is now among India's top five promoter-investors in India in FY25, with a dividend income of Rs2,594 crore. He is the only entrepreneur from Kerala to be featured on the prestigious list, which includes prominent industrialists like Mukesh Ambani, Anil Agarwal, and Azim Premji. The company had declared a special dividend of Rs.118.0 per equity share, a final dividend of Rs.2.0 per equity share and an interim dividend of Rs.4.0 per equity share in FY25. The promoters currently hold 42% stake in Aster DM Healthcare. This milestone reflects not just personal wealth creation, but the robust financial health and operational performance of Aster DM Healthcare-an integrated healthcare organisation built with the mission of providing accessible, high-quality care across India and GCC. The same year Aster also announced its landmark merger with Quality Care India Ltd. (QCIL). The merger positions Dr. Moopen led Aster DM Quality Care Ltd. (the combined entity) backed by Blackstone among India's top three hospital chains, with 38 hospitals and over 10,300 beds across 27 cities. Unlike many other promoters in the list, Dr. Moopen's rise stems from an enterprise that prioritizes clinical excellence and community care. From a single clinic in Dubai in 1987 to 900+ healthcare facilities across India and GCC and employing over 34,000+ professionals across seven countries, Dr. Moopen's journey exemplifies sustainable, impact-driven entrepreneurship. Dr. Moopen is recipient of Padma Shri, 4th highest civilian award by the Government of India in 2011 and has also been honoured with the 'Pravasi Bharatiya Samman' by the Government of India. Dr. Moopen's initiatives have played a pivotal role in expanding access to healthcare for underserved communities, underscoring his dual legacy as both a compassionate healer and visionary business leader. Recognising the urgent need for quality medical education and infrastructure in Wayanad, he established Dr. Moopen's Medical College, the first medical college in Kerala to be set up in a hilly, tribal, and backward district, marking a transformative step in uplifting healthcare access in Wayanad. He set up Aster Volunteers in 2016 which has grown to become one of the largest volunteering organisations globally with 85,000+ volunteers working to provide disaster and improve medical access to remote areas. Following the devastating floods in Kerala in 2018, he pledged to rebuild lives by constructing homes for those affected, a promise he fulfilled in 2022 by handing 255 homes across the state. During the 2023 landslides in Wayanad, Dr. Moopen led from the front, directing his team and medical professionals to ensure swift deployment of aid and critical healthcare services. As Aster DM Healthcare enters its next phase of growth, Dr. Moopen's journey stands as a powerful example of how healthcare, rooted in purpose, can also become a powerful engine of sustainable financial value.
