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DM Healthcare to Invest Rs 2,150-cr in Kerala

DM Healthcare, a leading conglomerate in India and the Middle East, announced an investment of over Rs 2,150 crore to create 3,100 hospital beds in Kerala through eight different projects.

The projects are in various stages of completion in Ernakulam, Kozhikode, Palakkad and Kannur districts, the company said. Most of these projects are expected to be operational in the next five years.

DM Healthcare is recognized among the 400 emerging champion companies of the world by the World Economic Forum.

The group operates in the Middle East and India. It was founded in 1987 by Azad Moopen, a doctor-turned entrepreneur, whose network presently consists of more than 145 establishments, providing primary, secondary and tertiary healthcare with management and consultancy services.

The Dubai-headquartered group has diversified to offer comprehensive healthcare services to all segments of the society.

Among the prime projects that DM Healthcare group is developing includes the Aster Medcity, a world class hi-tech healthcare destination being developed in over 40 acres of land that integrates nature with healing in Kochi.

The first phase, which is being developed with a project outlay of Rs 500 crore, includes a 540 bed core hospital and the first phase of Aster Medcity is on track for commissioning during the second half of 2013.

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