September 22, 2014 4:05 PM ET

Healthcare Providers and Services

Company Overview of DM Healthcare Private Limited

Company Overview

DM Healthcare Private Limited, a healthcare conglomerate, operates hospitals, diagnostic centers, medical centers, and pharmacies in the Middle East and India. It offers primary, secondary, and tertiary healthcare with management and consultancy services. The company provides services in areas, such as cardiology, dental, dermatology, dietetics, endocrinology and diabetology, ENT, gastroenterology, general medicine, general surgery, gynaecology, neurology, ophthalmology, orthopedics, pediatrics, psychiatry, pulmonology, and urology. DM Healthcare Private Limited was formerly known as Dr. Moopen Group and changed its name to DM Healthcare Private Limited in 2008. The company was founded in 19...

33rd Floor, Tower D – Aspect Towers

Executive Towers at Bay Avenue

Business Bay

P.O. Box 8703


United Arab Emirates

Founded in 1987


971 4 4546001


971 4 4546003

Key Executives for DM Healthcare Private Limited

Chief Financial Officer
Chief Executive Officer of Medcare Hospital
Group Head of HR & Quality Assurance and Executive Director of Hospitals & Consultancy
Group Director of Finance & Administration
Group Medical Director
Compensation as of Fiscal Year 2014.

DM Healthcare Private Limited Key Developments

DM Healthcare Seeks IPO

DM Healthcare Private Limited plans to file an application with India's stock market regulator next month for a planned initial public offering (IPO) aimed at raising INR 10 billion, according to two people familiar with the development. When contacted, an Aster DM Healthcare spokesperson declined to comment on the timeline of the IPO. "We have major expansion plans for India and we are looking at various fund-raising options, which are currently under evaluation," the spokesperson said in an email.

DM Healthcare Seeks IPO

DM Healthcare Private Limited is looking at a mid-sized IPO in the range of $200-250 million with the listing to be decided among three candidates, Nasdaq Dubai, a stock exchange in India or on the London bourse. A decision on the likely date to go public will be decided within DM Healthcare’s current financial year, which ends March 31, 2015. A lot of positive energy will get generated on the Indian stock exchange if a clear verdict emerges post the current general elections there," said Azad Moopen, Chairman and Managing Director at Aster. “Market multiples in India for health care entities are getting better and likely to go up further. At the same time, a listing in London gives an international profile; and there’s also Nasdaq Dubai whose prospects can only go up with all that’s happening within the UAE/Gulf”, he added. Moopen dismisses the suggestion that a stock market listing for DM Healthcare is more about making a statement than an actual need for funds. “On the contrary, there’s a need for funds, for the six hospitals that are in the pipeline in the Gulf and another three in India,” Moopen said.

Aster DM Healthcare Celebrates Opening of Hundredth Pharmacy in the UAE

has unveiled its hundredth pharmacy outlet in Dubai Healthcare City (DHCC) on April 2, 2014. Mr. Jamal Majid Bin Thaniah, Vice-Chairman of DP World, inaugurated the hundredth Aster Pharmacy unit, located at Al Razi Building in DHCC, in the presence of Mr. Marwan Abedin, CEO- DHCC, and other senior officials of Aster DM Healthcare.

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