UAE's Aster DM Healthcare plans stake sale via listing, private deal | Reuters:
"United Arab Emirates-based Aster DM Healthcare is seeking to sell a minority stake this year either through a stock market flotation or a deal with a private investor, its chairman told Reuters on Thursday.
The company runs hospitals, clinics and pharmacies across the Gulf and India and is benefiting from a booming healthcare market in the UAE and other areas of the Gulf due to the introduction of mandatory health insurance schemes. A growing and increasingly wealthy population also means that cases of lifestyle diseases such as diabetes are rising sharply.
This has attracted significant interest from both public and private investors: shares in NMC Health, a UAE-based competitor of Aster DM, have risen nearly fourfold since listing in London in 2012, while the sector has seen a number of mergers and acquisitions. The biggest was the recent $2.2 billion takeover of Al Noor Hospitals, another UAE competitor, by South Africa's Mediclinic International."
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