A consortium of investors led by Fair Capital completed the acquisition of a 65% stake of the GCC business of Aster DM Healthcare for $907.6m.

A consortium of investors led by Fajr Capital, a sovereign-backed private equity firm, completed the acquisition of a 65% stake of the GCC business of Aster DM Healthcare, an integrated healthcare service provider that operates over 19 hospitals and numerous clinics and pharmacies, for $907.6m. “The Moopen family has built a world-class company, with a rich legacy of delivering high quality healthcare to millions of patients. Large family-led platform businesses is an area where we have deep experience and we believe that Aster has significant potential to meet the growing demand for integrated healthcare services across the Gulf region. We are grateful to the Moopen family for their trust and look forward to working with them, our consortium partners and the management team to accelerate Aster’s ambitions through continued investment, innovation and expansion," Iqbal Khan, Fajr Capital CEO.