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DM Healthcare to invest $26 billion in Oman

DM, One of the regions’ leading healthcare service providers, unveiled its plans on Saturday for new investments that are worth $25.96 billion in hospitals and medical centers in Oman in the next five years. Dubai-headquartered DM Healthcare said “its blueprint for Oman comprised three hospitals, 15 medical centers and 15 pharmacies under the new brand Aster.”30-5-2010-3

The group’s Vision 2015 expansion strategy, in which the new outlets will be part of, is to set up 300 healthcare establishments including a capital outlay of $500 million across the Middle East and India, en route to its ambition of becoming a global player. The company’s network currently consists of 90 facilities in the GCC and India. About the group that entered Oman a year ago, it now operates one hospital, four medical centers and four pharmacies in the country with a total investment of nearly RO6 million, and another hospital will be launched in Sohar in the second week of June. Currently, the group’s hospitals, clinics, diagnostic centers and pharmacies operate under different names.

“We are planning further expansion in Oman…  We have already done what we promised when we began operations here,” said Dr Azad Moopen, DM Healthcare Chairman. “We are consolidating all the verticals, bringing them all under a common name, enabling people to recognize us and equate with us,”

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