Blackstone-Backed Quality Care India Limited to Merge With Aster DM Healthcare Limited
12.12.24
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Simpson Thacher is representing Blackstone in the proposed merger of Quality Care India Limited (backed by Blackstone and TPG) with Aster DM Healthcare Limited. The merger has been approved by the Board of Directors of the respective companies and is subject to regulatory, corporate and shareholders’ approvals. The merged listed entity will be named Aster DM Quality Care Limited.
Aster DM Quality Care Limited will have a combined portfolio of four leading brands: Aster DM, CARE Hospitals, KIMSHEALTH and Evercare. The combined entity will have a of network of 38 hospitals and 10,150+ beds spread across 27 cities, making it one of the top 3 hospital chains in India.
The Simpson Thacher team includes Erik Wang, Ian Ho and Jasper Ma (M&A); Makiko Harunari, Alvin Kwong, William Son and Anna Gu (Credit); Étienne Renaudeau (Antitrust); and Meredith Jones and Jenna Al-Malawi (Tax).