Aster DM Healthcare will invest Rs 250 crore to expand Aster CMI Hospital, a multispecialty facility in Bengaluru.
The expansion plan includes adding 300,000 sq ft of space, increasing bed capacity to 850 from the existing 500. The upgraded facility is expected to be operational by FY27, the company said.
With this expansion, the firm’s total bed strength in Bengaluru will rise to 1,602.
“This expansion of Aster CMI Hospital is expected to have a positive impact on both EBITDA and PAT, as it involves minimal fixed costs for operating the additional beds. We do not expect any margin dilution in the short term as well,” said Nitish Shetty, CEO of Aster DM Healthcare, India.
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The company, through organic route, plans to add about 1,700 beds by FY27, increasing its total bed count in India to 6,600. It will further look for expansion through the inorganic route as well to achieve its aim of becoming the top three healthcare providers in India.
From: financialexpress
Financial News
