Sno. Topic Page No.
1 Services Rendered 2
2 Growth 4
3 Corporate Governance 7
4 Future Developments 8
5 Bibliography 9
6 The End 10
Dr. Moopen’s Group ( DM Healthcare ) is the
largest chain of healthcare conglomerates in
West Asia started in 1987 by Dr. Azad
Moopen, a doctor turned entrepreneur.
Currently it employs over 3,000 people in the
GCC which includes 5,500 dedicated doctors,
nurses, pharmacists, paramedics and support
staff and touches the lives of over 7 million
patients every year. It is now 25 years since
Dr. Azad Moopen established his name and
place in the health care sector of the region.
DM Healthcare now
has over 100 medical
entities as Hospitals, Poly Clinics, Pharmacies and
Diagnostic Centers under two distinctive brands -
ASTER and MEDCARE - with footprints across the
UAE, Qatar, India, Oman and Saudi Arabia.
To become the leader in the delivery of quality healthcare at an affordable
cost in the geographies they serve, by establishing the largest network of
medical facilities, with a dedicated team of healthcare professionals who
excel in care and compassion.
Mrs. Nazeera Azad is the Vice – Chairman and the Managing Director, with
signatory authority in the organization, especially in the daily operational
activities of the pharmacy division and other verticals and as a corporate
joint signatory. She is the heart of the organization, maintaining personal
and cordial relations with the doctors, their families and senior staff.
The management team of DM Healthcare consists of :
Anupam Verma – CEO
Kartik Thakrar – Assistant General Manager, Finance & Accounts
Ms.Gracy Mathai – Head Administration &
Dr. Rajendra Patankar – General Manager
Mr.Manish Sharma - Sr. Business Development
Ms.Maitreyee Bhattacherjee – Manager
Dr.Ulhas Damale – Managing Director, Aadhar
Dr.Manoj.R.M – Medical Director, Aster Eye Care
The Executive Committee :
T.J.Wilson – Group Director – Finance & Administration
Dr. P.M.M.Sayed – Group Medical Director
Dr. Sanjiv Malik – Executive Director –Hospitals & Consultancy , DM
Ala Attari – CEO, Medcare Hospitals
Anupam Verma – CEO, DM Healthcare Pvt. Ltd. India
GROWTH OF DM HEALTHCARE
Dr. Moopens Group (DMG) began its journey from Middle East in Year
1987 by setting up a Flagship Clinic in Dubai with two doctors.
With the growing demand of the population to deliver comprehensive
healthcare, Dr Moopen started a pharmacy in Bur Dubai, adjacent to the
clinic for the regular supply of medicines to his patients in the year 1989.
The first specialist centre of the group was started in the year 1995.
The first diagnostic centre of the group was set up in the year 1999. This
centre was later JCI and CAP accredited.
In the year 2002, Dr. Moopen’s Healthcare Management Services LLC was
established, the primary holding company under which all the entities of
DMG were incorporated. This company was formed to bring all the projects
of DMG under one umbrella and ensure delivery of ‘standardized’
healthcare & services.
Until 2004 the group grew at a slow and steady pace.
Year 2005 marked a new beginning in DMG historical growth. The
first hospital of DMG, Al Rafa Hospital for Maternity & Surgery LLC was
commissioned in Dubai.
Year 2007 witnessed addition of 60 bed
Medcare Hospital to DMG network.
Within 8 months of its commissioning this
hospital received JCI accreditation.
DMG entered into strategic and financial relationship with leading Indian
private equity firm India Value Fund (IVF) in Year 2008. DMG was re-
christened as DM Healthcare Private Limited (DMH).
In the year 2008 DMH acquired majority stake holding in 80 bedded
Aadhar Hospital, Kolhapur, India. A new 250 bed multi-specialty hospital is
under construction and is planned to be commissioned in September, Year
35 bedded Al Rafa Hospital, Muscat was commissioned in the year 2009.
60 bed Aster Hospital, Sohar, Oman commissioned in June, 2010.
In Year 2010 Group has acquired 40 acres of land in Cheranellur, Kochi to
set up its iconic project ‘Aster Medcity’. The construction of the project
started in April 2011.They are building Aster Medcity which will match
highest standards of healthcare delivery across the world. It will be a
conglomeration of multi-super specialties led by renowned & acclaimed
medical practitioners drawn out from across the globe. It is an iconic
project, with a core hospital integrated with 9
centers of excellence in phase one.
In Year 2010, Group initiated a comprehensive
ophthalmology chain across India. First centre of
this chain commissioned at Faridabad under the
brand name “Aster Eye Care”.
Universal Brand of DM Healthcare, ‘ASTER’ was launched in April,2010.
Aster means ‘The Rising Star’, and represents a family of flowers.
1 5 7
DM Healthcare Network
Aster Medical Centre
Aster Eye Care
Aster Daignostic Centre
Aster Network in India and GCC
Aster Eye Care offers comprehensive services
from routine vision exams to the latest advances in
the treatment of eye disease. The eye centres are
supported with the latest in eye care technology,
keeping in mind the patient's needs. All the
facilities and conveniences have been designed
keeping the patient in mind. The flagship eye care
centre of DM Healthcare Group at Faridabad is a
premium specialized eye care clinic. Today in light
of it successful establishment at Faridabad, a
second centre at Lajpat Nagar in New Delhi, has
recently commenced its services.
Medcare Hospital has a full
fledged Emergency department,
25 Outpatient consultancy rooms.
ICU, NICU, Delivery suites,
Endoscopy Room and Day
Surgery Unit. The Diagnostic
Center Features advanced
laboratory and imaging
equipments like the Open MRI, CT scan, Mammography, 4D Ultrasound
and Fluoroscopy. The hospital offers both inpatient and outpatient care
which covers a wide range of medical and surgical specialties.
Aster Medical Centres offer a full range of medical services from general
medicine, pediatrics, dentistry, to specialty services like endocrinology,
cardiology, neurology, gastroenterology, pulmonology, dermatology, etc. It
is a corollary of expansion integrating the current brands of clinics,
polyclinics, pharmacies and diagnostic centres at 95 locations under one
Aster Diagnostic Centre is a centralized laboratory and Diagnostic division
of the group and is the first laboratory & diagnostic center accredited by the
Joint Commission International (JCI) in the Middle East.
Aster Pharmacies form one of the largest networks of retail pharmacies in
the UAE. They have more than 20 years of experience in pharmaceutical
retailing, aster pharmacies are one-stop-shop for healthcare products,
offering quality medical and allied products at the best prices in a refreshing
ambience. Aster Pharmacies also have qualified staff who can guide
customers on diet, nutrition and medical equipments.
His Highness Sheikh Hamdan Bin
Mohammed Bin Rashid Al Maktoum,
Crown Prince of Dubai and Chairman of the
Dubai Executive Council, presented
felicitation certificate to Lab Director of
ASTER Diagnostic Centre (Medinova) in
The DM MedCity in Kochi, is an iconic and ambitious project launched by
DM Healthcare with an investment of INR 1,500 crore. Work on phase I of
the project has already commenced on over 40 acres of land, at an
estimated investment of INR 500 crore. The ambitious project is expected to
trigger a reverse brain drain of healthcare professionals from abroad to India
and complement the huge potential of health tourism in the country.
The Medcity will include:
• General Hospital
• Institute for children
• Institute for women
• Cardiology and Cardiac Surgery
• Institute for oncology
• Orthopaedics and Spine Surgery
• Neurology and neurosurgery
• Gastroenterology and Hepatology
• Nephrology and Urology
• Plastic and Aesthetics