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Monday, 22 May 2017

NMC Health, Ashmore, Dallah weighing bids for Saudia medical unit-sources | Reuters

NMC Health, Ashmore, Dallah weighing bids for Saudia medical unit-sources | Reuters:

"UAE health operator NMC Health, asset manager Ashmore Group and Dallah Health are separately considering bids for the Jeddah-based medical services business of Saudi Arabian Airlines (Saudia) which could fetch $500 million, sources familiar with the deal said. Saudia has sent out a request for proposals for the sale of the business through its financial adviser Jadwa Investment as it seeks to reduce non-core assets, they said. Other Saudi healthcare companies may look at the business as well as healthcare groups such as Saudi German Hospital and Dr. Sulaiman Al Habib Medical Group, sources told Reuters. The sources declined to be identified because details of the bidding process are not public."



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