Dubai PR Network, Online Press Release from Dubai and Middle East
 
Healthcare(Healthcare & Medicine)
Filter PR by
  
Aster enters healthcare diagnostics business in India with Aster Laboratories
 
Two laboratories set to open in Bangalore by Q2 FY’20 and another 19 to be established in South India. Expected investment of Rs. 40 crores over the next two years.
• The company will also look at strategic acquisitions to expand this business and additional capital will be deployed accordingly.
 
Dubai, United Arab Emirates - 02 June 2019:   Aster DM healthcare is entering into a new vertical in the healthcare sector in India by stepping into healthcare diagnostic services business as Aster Laboratories, with 2 laboratories to be operational in Bangalore from Q2 FY’20. A centralized pathology lab processing facility to be set-up in Bangalore, along with a satellite lab in the initial stages and by the end of the year the target is to have 1 reference lab, 8 satellite labs and 13 patient experience centres – mainly in the states of Karnataka and Kerala.
 
Aster Laboratories will aim to build an efficient clinical testing network through a reference laboratory and hub and spoke model to ensure specimen integrity and quick turnaround times from the satellite laboratory and patient experience centres. By FY’21, the hub and spoke model will be extended to other South Indian states where Aster already has a presence through local hospitals- Andhra Pradesh, Telangana, Tamil Nadu and Maharashtra. Total investment of Rs. 40 crores expected over the next two years. The company will also look at strategic acquisitions to expand this business and additional capital will be deployed accordingly.
 
“Our focus is on bringing quality health care closer to the people. We have been doing this through our Hospitals, Clinics, Labs and Pharmacies in GCC. We would like to look into these areas also in India which has become a major market for us with 12 operational 
 
hospitals. With this in mind, we are now expanding the range of services with Aster Labs to help meet some of the service gaps in the local healthcare market. This B to C initiative will fall into place with our wish to bring our services closer to our customers,” said Dr. Azad Moopen, Founder Chairman and Managing Director of Aster DM Healthcare.
 
He also added, “Instead of the traditional ‘Just Screening’ only model, we shall also be focusing on ‘Preventive Healthcare’ extending the service to the homes of our customers through proper logistic arrangements. With only 5% organized businesses in the area of diagnostics in India, we think there is significant opportunity for consolidation.” 
 
India has around 100,000 diagnostic laboratories with an estimated Rs 60,000 crore plus revenues generated annually, which includes pathology laboratories and radiology centres. However, organised players hold only 30 per cent of the market share.  


Posted by : Dubai PR Network Editorial Team
Viewed 11932 times
PR Category : Healthcare & Medicine
Posted on : Sunday, June 2, 2019  4:13:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Long-term visa granted to Dr. Azad Moopen & wife
Next Story : MBRU and Dr. Wael AlMahmeed Announce the 2nd MBRU-AlMahmeed ...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Eid Gifts From The Body Shop [9278-Views]
Made in Italy, ICSA® Issues a Notification of Counterfeit Products Found in the Kingdom of... [4297-Views]
HONOR MagicBook Series is Perfect for Fashion Forward, Design Conscious Individuals Across... [3657-Views]
Dubai Customs and Omani Counterpart Discuss Post-Covid19 Era [3079-Views]
Vatika Launches Natural Hair Food, an Effective Solution for Dry Hair [2493-Views]
Union Coop Al Barsha – 3 Commercial Center 40% Complete [2394-Views]
The Best Omega Sunglasses For a Long-Awaited Summer [2271-Views]
Trina Solar Publishes Its Vertex Module Technology White Paper, Unveiling a Brand New Tech... [2251-Views]
Omega Announces Its Role as the Official Timekeeper of the 36th America's Cup [2214-Views]
Foreo Reveals 5 Ways to De-Stress Your Skin [2177-Views]
Innovating to Fight COVID-19: Four Ways Drones are Contributing [1968-Views]
Special Edition Jaguar XE, XF & Range Rover Vogue Vehicles Arrive in UAE [1923-Views]
SALAMA Announces AED 13.65 Million Profit for Q1 2020 [1906-Views]
DTTAG New Executive Committee to Manage Post Covid 19 Return to Normalcy of Travel [1886-Views]
Celebrate EID with Special Offers on HONOR Smartphones [1882-Views]
DFDC, FDF Hold Joint Webinar on Managing Stress and Anxiety Amid COVID-19 [1820-Views]
Karl Lagereld Drives Digital Innovation With Launch of the “Maison Karl Lagerfeld” Game. [1796-Views]
SITA Steps Up Development of a Self-sovereign Identity for Air Travel [1775-Views]
Ethical JLT Salon THT is Supporting those whose Jobs have been affected during COVID-19 w... [1767-Views]
Ericsson's USA 5G Factory: Staffed by Professionals – Trained by VR [1722-Views]
Airline Debt to Balloon by 28% [1710-Views]
Emirates Post Unveils Modern New Website and Look [1689-Views]
Al Tayer Motors and Premier Motors Honour UAE's COVID-19 Frontline Heroes [1660-Views]
Sony Middle East and Africa and Gearbox team up to offer rental services of latest digital... [1615-Views]
du Keeps Loved Ones and Families Connected During Eid Al Fitr With World Calling Pack [1615-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories