Dubai’s Aster DM Healthcare in $245m Saudi hospital investment

Dubai: Aster DM Healthcare, a Dubai-based health care company, has bought an additional 57 per cent stake in a hospital in Riyadh for Dh900 million ($245 million), it said on Sunday.

The investment in Sanad Hospital, which brings Aster DM Healthcare’s total ownership stake to 97 per cent, means it now has six hospitals in the Gulf Arab region, the statement said.

In addition to Aster DM Healthcare’s footprint in the Gulf Cooperation Council (GCC), it also has operations in India, Jordan and Philippines. It has five greenfield projects underway in the GCC including a new hospital in Qatar and three in the UAE, the statement added.