Dubai major inks Cayman Islands healthcare hub deal to serve Americas

Dubai major inks Cayman Islands healthcare hub deal to serve Americas

A Dubai-headquartered healthcare major has signed an agreement with the government of the Cayman Islands to establish a clinical excellence hub serving the Caribbean Region, North America, Canada, Latin & South America.

Aster DM Healthcare said the agreement will see Aster initially develop a 150-bed tertiary and quaternary care hospital, with an opportunity to expand in the future based on demand, alongside an assisted living facility and healthcare university in the long-term.

With this project, Aster aims to replicate its Medcity concept which has proven to be successful in Kochi, India.

Aster said it hopes to break ground by mid-2021, with the commencement of phase one of the Aster Cayman Medcity project.

The $1.2 billion Aster group began its journey in Dubai with a single clinic in 1987 and now operates three hospital chains - Aster, Medcare and Access - across the GCC and the Aster DM Healthcare chain of hospitals and other medical services in India.

Alden McLaughlin, Premier for the Cayman Islands and Minister for Human Resources, Immigration, Community Affairs, International Trade, Investment, Aviation and Maritime Affairs, said: “I am delighted that an organisation of Aster's calibre is investing in the Cayman Islands, especially at this time.

"Aster's willingness to invest several hundred millions