Aster DM Healthcare, a leading healthcare service provider in India and in GCC with a presence in 9 countries, has entered into an agreement with Subramanya Constructions & Development Company Limited (SCDC), a leading real estate developer, to construct a new hospital in Chennai. This 500 bedded, state of the art, multi-speciality hospital is expected to be commissioned in 2020. The hospital, which would be situated at a prime location in Chennai, will provide advanced healthcare services to the residents of Tamil Nadu and customers from other states in India as well as overseas. Aster DM Healthcare, which was recently listed at NSE and BSE already operates 11 hospitals in South India with 4037 installed beds. The new facility is in line with Aster DM’s strategy of strengthening its presence in India.

Commenting on the expansion into the Chennai healthcare market, Founder Chairman and Managing Director of Aster DM Healthcare, Dr Azad Moopen said, “Looking at the demand-supply gap, there is a requirement for more hospitals in India in general and in Chennai in particular. With our presence in Kerala, Karnataka, Telangana, Andhra and Maharashtra, we believe that our presence in Tamil Nadu would benefit patients in the country. We hope to provide advanced tertiary and quaternary medical care of the highest quality at affordable cost to the population of Tamil Nadu. We also see India as a key market for Aster DM Healthcare in future.”