Aster DM Healthcare and Blackstone and TPG-backed Quality Care have decided to merge to create one of India's top three hospital chains.

Aster DM Quality Care Limited is set to merge with four prominent healthcare brands, including Aster DM, CARE Hospitals, KIMSHEALTH, and Evercare. The combined entity will emerge as one of the top three hospital chains in the country.

Alisha says ₹43,000 crore enterprise-valued merger deal is among the biggest healthcare transactions this year in the world in the space of healthcare delivery.

Aster DM Healthcares shares experienced a significant surge, climbing up to 5% intraday, following the announcement of a definitive agreement to merge with Blackstone-backed Quality Care India Limited

Aster DM Healthcare and Quality Care India Limited have signed definitive agreements to merge, subject to regulatory, corporate and shareholders’ approvals

Based on the swap ratio recommended in the valuation report, the Aster promoters will hold 24 per cent and Blackstone 30.7 per cent in the merged entity

The merged entity, Aster DM Quality Care Limited, will have a combined portfolio of four leading brands: Aster DM, CARE Hospitals, KIMSHEALTH and Evercare. It will have a of network of 38 hospitals and 10,

Aster DM Healthcare, one of India's largest integrated healthcare service providers, has entered into definitive agreement with Quality Care India (QCIL), backed by Blackstone and TPG, to merge, creating one of the country's top three hospital chains.