Medcare Hospital LLC, a stepdown material subsidiary of Aster DM Healthcare Limited (‘the Company’) has acquired 60% stake in Skin III Limited.
Skin III is a leader in offering IV Drips (Vitamin and Detox) and other Aesthetics Procedures (HydraFacial, laser hair Removal etc). It has tie ups with leading 5 Star Hotels for IV (Jumeirah Group and Anantara etc.,) and Homecare Business and is a relatively high margin non-insurance business with significant growth potential.
Cost of acquisition or the price at which the shares are acquired is AED 16,651,881.02 .
- Paid up Capital: USD 50,000 (US Dollars Fifty Thousand Only) divided into one hundred (100) shares ii.
- Turnover: YTD ( Jan to Jun 2022)- AED 11,990,814 (unaudited)