The investors in the Bengaluru-headquartered hospital chain are in talks with private equity fund KKR and hospital chain Max Healthcare Institute, reports said.
The UAE-based promoters own 41.88% and FIIs 38.63% in the company. As per the reports, Aster’s investors Olympus Capital, which has a 19% stake and Mauritius-based investment firm Rimco, with a 12% stake, are considering the sale.
Aster DM Healthcare reported a 24% year-on-year fall in profit in its fourth quarter earnings for 2022-23 on Friday. For the full year, the decline in profit was 19.2%. The company attributed the decline to the launch of five new hospitals across the Gulf Cooperation Council countries and India.
Revenue from operations for the full fiscal, however, grew 16% to ₹11,933 crore. For the fourth quarter, operational revenue went up 20% year-on-year to ₹3,262 crore.
For the company’s Indian segment, full-year revenue increased 25% to ₹2,983 crore. The fourth quarter revenue went up 32% to ₹804 crore.
The company, which has presence in Kerala, Karnataka, Maharashtra, Andhra Pradesh and Telangana, increased its total bed capacity in India to 4,317 from 3,905 last year.
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