UAE-based healthcare chain Aster DM Healthcare’s stock soared 9.5 percent on Indian bourses in early trade on Thursday, October 12, following fresh reports about new suitors showing interest in acquiring the company’s India business.
Private equity firm BPEA EQT and Ontario Teachers’ Pension Plan Board have shown interest in acquiring Aster DM Healthcare Ltd’s assets including its India business, Bloomberg reported on Wednesday.
Other potential bidders for Aster’s India business included Blackstone Inc and KKR & Co.
The deal value for Aster’s entire business is pegged at more than $2.5 billion, with its Gulf assets fetching around $1 billion and the Indian business being valued at $1.5 billion, the Bloomberg report said, citing unnamed sources.
A Bloomberg report in March said Dubai-based private equity firm Fajr Capital was a part of the consortium looking to buy a majority stake in Aster’s Gulf business.
Founded in 1987, Aster DM operates hospitals in India and the Gulf region.
It has 33 hospitals and hundreds of clinics and pharmacies across the regions served.
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