Bengaluru: Aster DM Healthcare on Thursday said its shareholders and creditors have overwhelmingly approved the proposed merger with Quality Care India Limited (QCIL), with 96.68 per cent of votes cast in favour of the amalgamation scheme.
The company said the approval also saw a significant majority of minority shareholders and creditors backing the proposal. The merger is expected to be completed in the next quarter after receiving the remaining regulatory and statutory approvals, including from the National Company Law Tribunal (NCLT).
Commenting on the development, Azad Moopen, Founder Chairman of Aster DM Healthcare, said the strong shareholder support reflects confidence in the strategic rationale of the merger and the long-term value it aims to create.
He said the integration of Aster DM Healthcare with Quality Care India will create a scaled healthcare platform combining Aster’s patient-centric clinical network with the institutional growth expertise of private equity firm Blackstone, which backs QCIL.
Upon completion, the combined entity is expected to emerge as one of India’s top three hospital chains, with operations spanning nine states and 28 cities. The merged platform will run 39 hospitals with more than 10,625 beds and a workforce of over 36,000 employees and clinicians, serving millions of patients annually across hospitals, clinics, laboratories and allied healthcare services.
India will remain the largest growth market for Aster, the company said. The combined entity plans to increase its total bed capacity to more than 14,700 beds in the coming years. Of the proposed addition of over 4,080 beds by the merged platform, around 2,368 beds will be added by Aster, supported by a capital outlay of about ₹2,300 crore.
The company has already invested about ₹350 crore in key projects as of September 2025, it said.
Aster plans to expand capacity through a mix of greenfield projects and acquisitions, particularly in Kerala and Karnataka. Upcoming additions include two hospitals in Bengaluru — a 430-bed facility on Sarjapur Road and a 500-bed hospital in Yeshwanthpur — along with expansions at Aster CMI Hospital and Aster Whitefield.
In Kerala, the 263-bed Aster Kasaragod Hospital became operational in October 2025, while a 454-bed greenfield hospital in Thiruvananthapuram is under development. The company is also expanding Aster Medcity in Kochi with an additional 100 beds.
Other projects include a 300-bed women and children’s hospital in Hyderabad and a 75-bed expansion at Aster Ramesh Hospital in Ongole, the company added.
