Announcement under Regulation 30 (LODR)-Press Release / Media Release

In furtherance to the announcement made by Aster DM Healthcare Limited (''the Company'') on August 27, 2022, the Company through its subsidiary company, Active Holdings Limited, Dubai, UAE has entered into a long-term franchise agreement with GD Assist Limited to operate the pharmacies in Bangladesh. Please find enclosed press release on the same. The press release will also be available on website of the Company at https://www.asterdmhealthcare.com/investor/stock exchange-disclosures

6 days ago

PRESS RELEASE

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  • In furtherance to the announcement made by Company on August 27, 2022, the Company through its subsidiary company, Active Holdings Limited, Dubai, UAE has entered into a long-term franchise agreement with GD Assist Limited to operate the pharmacies in Bangladesh.

  • Aster Pharmacy forays into Bangladesh in partnership with GD Assist to set-up 25 pharmaceutical stores Aster DM Healthcare has entered into a long-term franchise agreement with GD Assist Limited to operate the pharmacies in Bangladesh.

  • Aster DM Healthcare, one of the largest integrated healthcare providers in GCC and India, has announced its entry into the Bangladesh market with Aster Pharmacy division.

  • Through this franchise agreement Aster DM Healthcare and GD Assist Limited aims to bring Aster Pharmacy’s quality care products in the segments of Nutrition, Pharmaceuticals, Baby care, Skin Care, Home Healthcare etc.

  • Today, Aster Pharmacy has become a household name and has emerged as the brand of choice amongst pharmacies due to its ease of access and customer first approach.

  • Through this long-term agreement with GD Assist, Aster Pharmacy aims to expand its horizons beyond UAE, India, Oman, Qatar, Bahrain and Jordan into other territories to provide customer centric experience and genuine pharmaceutical and non-pharmaceutical products.

  • We have invested in our care offering and revamped the infrastructure and talent to ensure the best service experience to our customers and continued this endeavor during the pandemic to ensure patient safety and well-being.

  • And now, we are looking to venture into a new market to serve more people and expand our footprint.”

  • Syed Moinuddin Ahmed, Managing Director of GD Assist, stated, “GD Assist was established with the aspiration to become a prominent one-stop healthcare solution provider.

  • This partnership is enabling us to step into the new era by introducing world class healthcare products of different segments, which would subsequently provide us the opportunity to cater to the healthcare needs of the people of Bangladesh, on par with international standards.”

  • “With its vast experience over the years and leadership positioning in a number of markets that we operate in, Aster Pharmacy is fast emerging as a global pioneer in Health and Wellness and Integrated Pharmacy Concept.

  • We are delighted to collaborate with GD Assist to launch Aster Pharmacy stores in Bangladesh which would provide the customers a very unique and superior wellness experience,” added N S Balasubramanian, CEO of Aster Retail GCC.

  • Director of GD Assist, Farzanah Chowdhury claimed, “As we venture into this partnership with Aster Pharmacy as their operational partner for Bangladesh, we at GD Assist are hopeful about succeeding in setting new standards in the Bangladeshi healthcare products industry by making Aster’s world class product line in Nutrition, Pharmaceuticals, Baby Care, Skin Care, Home Healthcare, etc. available in the Bangladeshi market and thus we aspire to revolutionize the industry in the coming years!”

  • Aster Pharmacy works persistently to bring itself closer to its customers so as to fulfill its mission of having an Aster pharmacy in every neighborhood and a knowledgeable Aster pharmacist available 24/7 for every household.

  • We have over 27,200 plus dedicated staff including 3,441 doctors and 7,901 nurses across the geographies that we are present in, delivering a simple yet strong promise to our different stakeholders: "We'll treat you well.

  • At present, GD Assist has partnership with 184 well renowned local and international hospitals.

  • Currently, GD Assist has expanded its network with UAE, Thailand, Singapore, Turkey, India & Sri Lanka’s renowned hospitals.

  • In addition, GD Assist has arranged the evacuation of 1140 non-resident Bangladeshis (tourists & patients) from different countries during COVID-19 pandemic lockdown period and brought them back to Bangladesh safely.

  • GD Assist is the 1st Healthcare Management and Medical Tourism Company in Bangladesh that has achieved ISO 9001:2015 certification, TEMOS (Germany) Certification for “Quality in International Medical Travel Coordination”, Diplomatic Council Certificate (USA) as “Preferred Medical Travel Coordinator”.

  • For it best in class services, GD Assist has also been recognized in the global arena with prestigious awards, such as, International board of Medicine and Surgery Award (2018), International Medical Travel Journal (IMTJ) Award 2019- nominee for "Excellence in Customer Service", Innovation Award of Health Care Revolution etc.

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    Important keywords detected (20+)

    assist (25)
    healthcare (24)
    pharmacy (18)
    bangladesh (17)
    aster pharmacy (13)
    medical (11)
    pharmacies (10)
    india (9)
    care (9)
    assist limited (8)
    one (7)
    products (7)
    travel (7)
    agreement (6)
    partnership (5)
    pharmaceutical (5)
    uae (5)
    gcc (5)
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    service (5)

    Organizations identified (10+)

    Aster Pharmacy (13)
    GD Assist (13)
    GD Assist Limited (9)
    Aster DM Healthcare (7)
    Listing Department (2)
    Active Holdings Limited (1)
    GCC (1)
    Aster Retail GCC (1)
    Home Healthcare (1)
    Third Party Administrator (1)

    Features are experimental.