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Aster DM Healthcare, PMF in agreement to operate 130-bed tertiary hospital in Kerala

The super speciality hospital is situated in Sasthamkotta, Kollam district

Aster DM Healthcare has entered into hospital operation and management agreement with Padmavathy Medical Foundation (PMF). PMF is a 130-bed tertiary super speciality hospital situated in Sasthamkotta, Kollam district, Kerala.

The proposed capacity will be added with effect from August 1, 2023. With this total installed capacity of the company shall be increased to 4,547 beds.

The hospital building and infrastructure are being developed by PMF. The company shall pay an interest-free refundable security deposit of Rs 7 crore. The hospital may require further capex infusion to the tune of Rs 5 crore during the initial two years of operations and the same shall be infused through internal accruals of the company.

This is a part of the O&M asset-light model to add 500-700 beds in India, which will have better returns with minimal capex investment.

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