Deals include a 70% stake in a cosmetic medicine provider worth $170m, says NMC Health
Abu Dhabi, United Arab Emirates.-Monday, January 22nd 2018 [ AETOS Wire ]
UAE healthcare operator NMC Health plc has announced two new acquisitions and the completion of new operating and management (O&M) contract as the company moves to expand across the Middle East. Among the acquisitions are a 70 percent stake in CosmeSurge, a cosmetic surgery and aesthetic medicine provider. According to NMC, the acquisition is worth $170 million.
NMC also signed a new O&M contracts with Emirates Healthcare Group to manage its Egyptian hospitals, Dar Al Fouad and As Salam International. The deal is expected to generate revenues of $2 million for NMC in the first year of operation.
In a statement, NMC noted that the transaction includes a chain of 17 operational clinics, with the business expected to deliver 2017 revenues and EBIDTA of $67 million and $20.5 million, respe
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