Combined entity to add 4,445 beds over 45 years, with 49% in the next 2 years and 44% via brownfield expansion. Increasing CONGO mix driving ARPOB and margins ASTER DM Healthcare's (ASTERDM) Q4 consolidated EBITDA grew 26% YoY to Rs2.34bn, 12% above our estimates; aided by strong performance across clusters. The QCIL ramp up has been on track with 23% YoY EBIDTA growth for Q4 and 24% YoY for FY26. ASTERDM's board has recently approved merger with Quality Care (QCIL), making it the third largest healthcare chain by revenue and bed capacity in India. We...