Aster DM acquires 100% stake in WarsepsJune 10, 2020
Aster DM Healthcare Limited, through its wholly owned subsidiary companies, has acquired 100 percent of Warseps Healthcare LLP.
DM Med City (Hospitals) India Private Limited has acquired 99% ownership and Aster DM Healthcare (Trivandrum) Private Limited has acquired 1% ownership.
Warseps Healthcare is in the business of developing, manufacturing, trading and advising/assisting third parties for manufacturing various medical devices in various fields of medicine to address various diseases like diabetes, sepsis, etc.
The target entity’s business supplements the main line of business of Aster DM Healthcare Limited.
The acquisition of the target entity will result in expansion of Aster DM Healthcare’s current healthcare service portfolio, the group said.