Aster DM Healthcare sells majority in Gulf business to Alpha for $1.01 billion

Out of the total consideration, $903 million is payable at closing of the deal and up to $98.8 million may be received subsequently, subject to certain contingent events, Aster DM Healthcare said in a statement to stock exchanges. The deal also includes an earnout of up to $70 million based on earnings before interest, tax, depreciation and amortisation (Ebitda) achieved by the GCC business for the financial year ending March 2024.

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