NMC Healthcare snaps up two Saudi hospitals for $40m - The National

NMC Healthcare snaps up two Saudi hospitals for $40m - The National:

"NMC Healthcare, the UAE's largest private healthcare provider, is expanding further into Saudi Arabia, the Arab world's largest economy, via two multi-speciality hospital acquisitions worth a combined US$40 million and two greenfield health facilities. The London-listed healthcare provider, which entered the kingdom last year via the acquisition of a 70 per cent stake in As Salama Hospital in Al Khobar, will acquire a 60 per cent stake in a new hospital in the southern city of Najran, and fully acquire a second hospital in the northwestern city of Ha’il. NMC also plans to build a multi-speciality facility in the eastern oil city of Al Khobar, and has received regulatory approvals for its proposed new long-term care facility, Chronic Care Specialty Medical Center, in the Red Sea port city of Jeddah."



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