| Hospitals | Multi-specialty hospital services providing primary to quaternary care, including specialty surgeries and emergency care. | Strong regional presence, brand recognition, integrated care model, experienced clinician network, NABH and JCI accreditation. | Primarily B2C patients, corporates through insurance, and government health schemes. | Specialty surgeries, oncology, neurology, cardiac interventions, and robotic-assisted surgeries. | 4029 | 72 | Revenue from inpatient and outpatient care, surgeries, diagnostics, insurance billing, and government schemes. | Fee-for-service, insurance settlements, government reimbursements, and private patient billing. | Bed capacity expansion, higher occupancy, medical technology adoption, and merger synergies. | Aster Hospitals, MIMS, Ramesh Hospitals, Prime Hospitals, Aster Medcity, Aster CMI |
| Clinics | Primary and preventive care outpatient services offering diagnostics and specialist consultations. | Wide network across India and GCC, patient loyalty, integrated referral system with hospitals. | B2C patients seeking outpatient and preventive healthcare. | Specialist outpatient services. | 58 | 1 | Consultation fees and diagnostics revenue. | Pay-per-visit or consultation. | Increasing outpatient demand, primary care focus, network expansion. | Aster Clinics |
| Retail Pharmacies | Retail pharmacy operations providing prescription and over-the-counter medicines and wellness products. | Strong supply chain integration, brand reputation, and expanded geographical reach. | B2C retail customers and patients from hospital networks. | Specialty medicines and branded generics. | 126 | 2 | Pharmacy sales revenue from retail and online channels. | Retail sales with mark-ups; franchise licensing. | Expansion of store network, licensing agreements, and enhanced pharmacy services. | Aster Pharmacy |
| Others | Ancillary healthcare services and digital health platforms including telemedicine. | Early mover in telemedicine, strong technology integration. | Patients, corporate clients, and healthcare providers. | Digital health solutions. | 8 | 0 | Fee-for-service, digital subscriptions, and service contracts. | Subscription and pay-per-use. | Digital health adoption, telemedicine demand, home healthcare services. | |
