Aster DM Healthcare announced plans on Monday to expand Aster CMI Hospital in Bengaluru. The hospital will add 300,000 square feet of space, increasing its bed capacity from 500 to 850. This expansion will strengthen Aster’s presence in Bengaluru, making it one of the largest healthcare providers in the city with a total of 1,602 beds.
Investment and Timeline
Aster will invest around Rs 250 crore to upgrade the existing facility, with the project expected to be completed by the fiscal year 2027.
Hospital Overview
Located in Hebbal, Bangalore, Aster CMI Hospital spans 445,000 square feet and is known for its advanced facilities offering a wide range of healthcare services from primary to quaternary care.
Statements from Aster Leadership
Dr. Azad Moopen, Aster’s founder, stated, “Our expansion is part of our vision to meet the growing demand for quality healthcare. Since its launch in 2016, Aster CMI Hospital has become a leading healthcare provider in Bengaluru and South India. Our ongoing investments in people, innovation, and infrastructure aim to create long-term value. The Indian healthcare market is promising, and we plan to increase our footprint dynamically.”
Dr. Nitish Shetty, CEO of Aster DM Healthcare, added, “Our current hospital is operating at full capacity, so we need to expand to meet patient needs. This expansion reinforces our commitment to making quality healthcare accessible in the region. We expect this expansion to positively impact both EBITDA and PAT, without any short-term margin dilution. Aster DM Healthcare is focused on strategic growth, patient-centric care, and expanding in both existing and new areas.”
Financial Performance
Aster DM Healthcare’s India business has grown at a rate of 35% CAGR in EBITDA over the past five years, reflecting strong performance and cost optimization measures.
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