Aster arm to buy Abu Dhabi-based home healthcare firm

March 6, 2020 0 By FM

Aster DM Healthcare Ltd, through its subsidiary, Aster DM Healthcare FZC, has entered into a share purchase agreement to acquire a 100% stake in Abu Dhabi-based Wahat Al Aman Home Healthcare LLC for an estimated amount of AED 105 million (Rs 204 cr).

The acquisition of the target entity shall result in enhancing Aster DM Healthcare’s presence in Abu Dhabi market, the company said in a stock-exchange filing.

The transaction is subject to approval from the departments of economic development and health of Abu Dhabi.

Wahat Al Aman was incorporated in February 24, 2019 and operates a home healthcare business in Abu Dhabi and Al Ain in the United Arab Emirates.