aster dm health care formerly called dr.moopen s group type private ; for profit hospital traded as aster dm health care industry health care conglomerate founded dubai united arab emirates uae 1987 1987 founder dr.azad moopen headquarters dubai united arab emirates uae number of locations 300 area served india saudi arabia oman kuwait bahrain uae qatar nigeria philippines jordan key people dr.azad moopen services health care services revenue us 5 billion operating income us 5 billion net income us 6 billion total assets us 5 billion total equity us 1 billion owner dr.azad moopen number of employees 20 000 parent nil divisions health care conglomerate subsidiaries nil website asterdmhealthcare.com aster dm healthcare is privately held health care providing conglomerate founded in 1987 by azad moopen . the company is headquartered in dubai united arab emirates . aster dm healthcare currently operates hospitals diagnostic centers medical centers and pharmacies in the middle east and india . in 2013 the company has allocated 600 million for its expansion program in the next five years . 1 contents 1 history 2 business expansion 3 acquisitions 4 see also 5 references 6 external links history edit aster dm healthcare was founded in 1987 in dubai united arab emirates by dr. azad moopen a doctor turned entrepreneur . the company is a private sector healthcare provider in the middle east . the dubai headquartered healthcare conglomerate covers an array of healthcare verticals from hospitals clinics pharmacies healthcare consultancy service and an advanced medical city . in november 2014 aster dm healthcare finalized bank of america merrill lynch goldman sachs and kotak mahindra bank to manage its rs 1 200 crore initial public offering ipo scheduled for early next year . the company plans to sell 10 % shares on the bourses though details of the same are not finalized yet . 2 in march 2015 sachin tendulkar the highest run scorer in test history opened aster dm healthcare s 150th pharmacy in abu dhabi . 3 business expansion edit in may 2011 aster dm healthcare opened its first medical centre in sharjah united arab emirates . the new centre was officially inaugurated by the veteran indian play back singer k. j. yesudas in the presence of chairman dr. moopen and various guests from the government of sharjah and ministry of health . 4 in february 2013 aster dm healthcare announced the interest of investing in the philippines healthcare sector . initially the company would start with the establishment of pharmacies and possibly hospitals in the later time . chairman dr. azad moopen told reporters in a press conference for the launch of the dm healthcare foundation philippines inc. which is providing free pediatric cardiac surgery to at least 50 filipino children in two years . 1 in december they launched its fifth access clinic in jebel ali free zone or jafza south aimed at catering to the day to day healthcare needs of the employees in the neighborhood . 5 in april 2014 the company announced the plans to establish help desks in oman for 2 separate campuses of aster medcity south asia s largest quaternary care hospitals being set up in trivandrum and kochi kerala india . 6 acquisitions edit in 2012 olympus capital holdings asia bought a minority stake in aster dm healthcare for the amount of about 100 million . the company did not reveal the size of the acquired stake . however they announced that olympus capital holdings is now aster dm healthcare s largest external investor and that its nominees will join the company s board . 7 in may 2014 olympus capital holdings asia invested another 60 million round into the company . 8 see also edit health care provider references edit a b middle east health care provider keen on investing in rp . manila bulletin . 13 february 2013 . retrieved 19 june 2014 . zachariah reeba ; kurian boby 4 november 2014 . aster health lines up 3 banks for rs 1 200 crore ipo . india times . retrieved 30 march 2015 . iyer srinivasan 23 march 2015 . sachin tendulkar enthrals fans in abu dhabi as aster dm healthcare announces ipo plans . the national . retrieved 30 march 2015 . dm healthcare s aster brand debuts in sharjah . tadearabia . 16 may 2011 . retrieved 19 june 2014 . aster launches access clinic in jafza . khaleej times . 12 december 2013 . retrieved 19 june 2014 . aster dm healthcare to start helpdesks in oman . the week . 24 april 2014 . retrieved 19 june 2014 . joshi ashutosh 18 january 2012 . olympus capital buys dm healthcare stake for 100 million . the wall street journal . retrieved 19 june 2014 . cheung sonja 14 may 2014 . asian private equity fund face pressure to invest capital hoard . the wall street journal . retrieved 19 june 2014 . external links edit official website retrieved from https en.wikipedia.org w index.php title aster dm healthcare & oldid 731758721 categories companies established in 1987health care companies of indiahealth care companies of the united arab emirates1987 establishments in the united arab emirateshidden categories pages using infobox company with unsupported parameters navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 27 july 2016 at 10 08 . text is available under the creative commons attribution sharealike license ; 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