Aster DM Healthcare, Faruk Medical City to jointly develop healthcare services in Iraq

7 Dec 2022 , 03:17 PM

Aster DM Healthcare has agreed to collaborate on capability development and academic and professional training programmes for clinical staff and healthcare professionals in Iraq with Faruk Medical City, Iraq’s leading healthcare service provider.

Faruk Medical City is a subsidiary of Faruk Investment Group, one of Iraq’s largest investment firms.

Doctors from Aster DM Healthcare will visit Faruk Medical City’s cutting-edge facilities to consult and provide surgical services that are not available locally and require patients to travel overseas.

Aster DM Healthcare and Faruk Medical City will collaborate to provide medical and paramedical staff at Faruk Medical City with training and academic support.

The move aims to jointly develop Faruk Medical City as an excellent hospital by providing advanced academic training and capability development, as well as benchmarked international standards in providing first-rate clinical and medical services in Iraq. Aster will also advise Faruk Medical City on how to apply for international accreditation, said the company on Wednesday.

Faruk Investment Group and Aster DM Healthcare have also signed a Memorandum of Understanding to investigate potential collaboration opportunities to expand Aster Pharmacy’s services to Iraq, including pharmaceutical and wellness product distribution and retail.

At around 3.21 PM, Aster DM Healthcare was trading at Rs233.05 up by 2.55% from its previous closing of Rs227.25 on the BSE. The scrip touched intraday high and low of Rs235.15 and Rs227.50 respectively.

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