Aster DM Healthcare's subsidiary signs lease agreement for greenfield hospital project in Kasaragod, Kerala

17 Jan 2022 , 09:49 AM

Aster DM Healthcare Ltd has informed that Malabar Institute of Medical Sciences Limited, a material subsidiary of the Company has signed lease agreement for a greenfield hospital project in Kasaragod district of Kerala.

An initial investment of around Rs140cr are estimated for the new facility, which will include a 200-bed comprehensive tertiary care facility, with the option of expanding to a quaternary facility in the future. The Aster Hospital is expected to be operationalised in two and half years.

“As the first tertiary hospital in Kasaragod district, the upcoming hospital will provide 24×7 emergency and critical care as well as super specialities like Neurosciences, Multi-Organ Transplantation, Oncology, Gastro Sciences, Cardiac Sciences, Pulmonology, Interventional Radiology, Women & Children among others”, said the pharma industry.

The hospital will have state-of-the-art equipment and technology including PET, CT Scan, MRI, and ECMO. Additionally, it will have Cath Labs, Dialysis, Modular Operating Theatres, Ultrasound, Adult, Neonatal and Pediatric ICUs, as well as pharmacy and diagnostic facilities available 24 hours a day.

At around 9:49 AM, Aster DM Healthcare was trading at Rs184.25 per piece up by Rs0.2 or 0.11% on Sensex.