NMC buys remaining stakes in UAE and Saudi Arabia medical facilities for $218m - The National:
"London-listed NMC Health acquired remaining stakes in two hospitals in the UAE and Saudi Arabia that it partially owns for a combined investment of US$218 million, as the healthcare provider continues to expand in the Arabian Gulf region.
NMC bought the 49 per cent stake it does not already own in Fakih IVF facility in Dubai for $205m and an outstanding 30 per cent stake in As Salama hospital in Saudi Arabia, the company said in a statement.
"In December 2017, I set out our strategy to drive the company's next phase of growth,” said NMC chief executive Prasanth Manghat. “The transactions today fit with our commitment to increase our capacity, capabilities and geographic coverage.”"
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