Wednesday 25 August 2010

Dubai-Owned Alliance Medical May Be Put Up for Sale Today, Times Reports - Bloomberg

Alliance Medical Ltd., a U.K. hospital scanner business owned by Dubai International Capital LLC, is likely to be put up for sale today, the London-based Times reported, without saying where it got the information.

The company’s lenders wrote to its directors on Aug. 23 asking them to look at a sale and the board will probably approve that request this morning, the newspaper said.

Both Deloitte, which is advising the banks, and Blackstone, Alliance Medical’s adviser, have valued the company at 300 million to 340 million pounds ($460 million to $525 million), compared with the 600 million pounds Dubai International paid in 2007, the Times said.

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