16 July 2016 Bangalore: Aster DM Healthcare signs a 7-year agreement with Bangalore International Airport Limited (BIAL) as their healthcare partners to manage around 10,000 sq. ft medical services facility at Kempegowda International Airport, Bangalore which is the third busiest airport by passenger traffic in the country, after Delhi and Mumbai.
“We are glad that we have been given the privilege of serving at the Bangalore International Airport. This is a moment of pride and honor for us.” said Mr Sreenath Reddy, Group CFO, Aster DM Healthcare.
Speaking about the agreement, Dr. Nitish Shetty, CEO, Aster CMI Hospital, which is part of the larger Aster DM Healthcare Group, said, "We at Aster CMI Hospital are very excited about this agreement. This is a great opportunity for us to serve people of Bangalore as well as those traveling to Bangalore, including the international travelers. Also we will be focusing on utilizing this opportunity to showcase Bangalore as one of the best cities in India for healthcare services."
Bhaskar Bodapati, Senior Director of Finance and Support Services, Bangalore International Airport Limited, said, “Bangalore International Airport, Limited (BIAL) has always shown a strong commitment towards ensuring safety and security of all its stakeholders, especially passengers using Kempegowda International Airport, Bengaluru. This strategic alliance with the Aster Group is a significant step towards strengthening our commitment. We are extremely pleased that our customers travelling to and from the airport would receive best-in-class 24/7 medical services and care.”
With a well-defined route development strategy Kempegowda International Airport, Bengaluru (KIAB) has established itself as South India’s busiest airport and India’s third largest airport. KIAB recorded 25.2% increase in traffic and 12.7% increase in Air Traffic Movement in 2015. Recently the airport also clocked 100 million passenger mark within 8 years of operation. These significant numbers indicate the importance of having a well-equipped medical facility at the airport.
As part of the agreement, Aster DM Healthcare will aid BIAL in manning the airport clinic 24/7, extending emergency medical technicians 24/7 for providing quality healthcare to both employees and passengers of Kempegowda International Airport and disaster management services. The healthcare group will also be responsible for the stand alone Airport Medical Care Facility expected to be commissioned before March 2017, the services of which can be availed by the general public also.
The agreement was signed in the presence of Mr. Bhaskar Bodapati, Senior Director of Finance and Support Services, Bangalore International Airport Limited, Dr.Nitish Shetty, CEO, Aster CMI Hospital and Mr. Sreenath Reddy, Group CFO, Aster DM Healthcare.
About Aster CMI Hospital
Aster CMI, Bangalore, a multi-specialty facility in north Bangalore, is managed & operated by Aster DM Healthcare. Aster DM Health Care has a healthcare network with over 280 operating facilities across 9 countries, including 13 hospitals, 87 clinics and 180 retail pharmacies.
The organization has 12,774 employees as of March 31, 2016 including, 1,003 full time doctors
Aster DM Healthcare Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its Equity Shares and has filed the DRHP with SEBI on June 24, 2016. The DRHP is available on the website of the SEBI at www.sebi.gov.in, BSE at www.bseindia.com, NSE at www.nseindia.com as well as on the websites of the Global Co-coordinators and Book Running Lead Managers, Kotak Mahindra Capital Company Limited, DSP Merrill Lynch Limited and Goldman Sachs (India) Securities Private Limited at www.investmentbank.kotak.com, www.dspml.com and www.goldmansachs.com and the Book Running Lead Managers at www.edelweissfin.com, www.icicisecurities.com, www.jmfl.com and www.sbicaps.com. Investors should note that investment in equity shares involves a high degree of risk and for details relating to the same, see “Risk Factors” on page 17 of DRHP. Potential investors should not rely on the DRHP filed with the SEBI for making any investment decision.
This announcement has been prepared for publication in India and may not be released in the United States. This announcement is not an offer to sell or a solicitation of any offer to buy securities of our company in the United States. The Equity Shares offered in the Offer have not been and will not be registered under the U.S. Securities Act, 1933 (“U.S. Securities Act”) or any state securities laws in the United States, and may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable state securities laws. The Equity Shares have not been and will not be registered, listed or otherwise qualified in any other jurisdiction outside India and may not be offered or sold, and Bids may not be made by persons in any such jurisdiction, except in compliance with the applicable laws of such jurisdiction. No public offering of securities in the United States is contemplated. The securities referred to herein will only be offered and sold (i) in the United States to “Qualified Institutional Buyers” (as defined in Rule 144A under the US Securities Act in transactions exempt from the registration requirements of the US Securities Act and (ii) outside the United States in compliance with Regulation S under the US Securities Act and the applicable laws of the jurisdiction where these offer and sales occur.
About Kempegowda International Airport, Bengaluru
Kempegowda International Airport, Bengaluru is the first Greenfield airport in India to be built on a private-public partnership. It is operated by Bangalore International Airport Limited (BIAL) where Private promoters hold 74% (GVK 43%, Siemens Projects Ventures – 26% and Flughafen Zurich AG – 5%) stake in BIAL while the government holds the remaining 26% (Karnataka State Industrial & Infrastructure Development Corporation Limited – 13%, Airport Authority of India – 13%). The airport began operations in May 2008 and has significantly enhanced the regional and worldwide air connectivity of the city and the state. It is currently the busiest airport in South India and the third largest in India having served 15.4 million passengers in 2014-2015. Kempegowda International Airport, Bengaluru has been adjudged as the ‘Best Regional Airport in Central Asia’ by Skytrax in 2015. For more information log on to www.bengaluruairport.com