Aster DM Healthcare, a Dubai-based healthcare company, has bought an additional 57 per cent stake in a hospital in Riyadh for Dh900 million ($245 million), it said on Sunday.

The investment in Sanad Hospital, which brings Aster DM Healthcare's total ownership stake to 97 per cent, means it now has six hospitals in the Gulf region, the statement said.

In addition to Aster DM Healthcare's footprint in the Gulf Cooperation Council (GCC), it also has operations in India, Jordan and Philippines.

It has five greenfield projects under way in the GCC including a new hospital in Qatar and three in the United Arab Emirates, the statement added. - Reuters