Dubai based Healthcare Group - 
DM Healthcare may raise upto $150Mn from Olympus Capital and existing investor - India Value Fund for expanding operations in India.
DM Healthcare is setting up a Rs1500Cr hospital in Kochi, it is also setting up a medical college and a 750 bed hospital at Wayanand. Apart from these greenfield projects, it is also expanding through acquisition. The company has finalised deals in Kolhapur and Pune. It has launched ‘Aster-Eye Care' centre in Faridabad and plans to open 20 centres across the country by 2015.
DM Healthcare is headed by Dubai based Indian entrepreneur - Azad Moopen and former CEO of Hinduja Healthcare, Anupam Verma. Dr. Moopen made his entry in India by setting up a 600-bed tertiary care Malabar Institute of Medical Sciences (MIMS) Hospital at Kozhikode in 2001 and later established 150-bed MIMS Hospital at Kottakkal in Malappuram in association with NRIs.
DM Healthcare operates hospitals, polyclinics, pharmacies and diagnostic centres under the brand ‘Aster' and ‘Medcare' in the UAE, Qatar, Oman and Saudi Arabia. India Value Fund had invested $45Mn in DM Healthcare in 2006.
Delhi based Metro Hospitals is also talking to Carlyle Group for a fund raise to expand it's hospital chain in North India.
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