Aster DM Healthcare launches new block at Aster MIMS Kottakal; Stock surges 3%

This shall be first exclusive and dedicated Women and Children Hospital of Aster in Kerala.

Sep 14, 2021 10:09 IST India Infoline News Service

Aster DM Healthcare
Aster DM Healthcare Limited has informed that Malabar Institute of Medical Sciences Limited, a material subsidiary of the company has extended its facility and launched Aster MIMS Women and Children Block, at Aster MIMS Kottakal on September 13, 2021.

Aster MIMS Women and Children Block has 75 beds with state-of-the-art facilities located at Changuvetty, Kottakal P.O Malappuram, Kerala. This shall be first exclusive and dedicated Women and Children Hospital of Aster in Kerala.

Aster MIMS Kottakal, capacity utilization is above 75% during the last 24 months and above 83% in the last 8 months.

In a regulatory filing, it has informed that an investment of Rs19.5cr have been invested through internal accruals of Malabar Institute of Medical Sciences Ltd. The new block is built on a leasehold land located adjacent to the main hospital block.

At around 10:01 AM, Aster DM Healthcare was trading at Rs236.05 apiece up by Rs5.4 or 2.97% on Sensex.

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