UAE’s NMC Health makes two Gulf acquisitions worth $207 million:
"NMC Health has made two acquisitions worth $207 million, the London-listed and United Arab Emirates-based healthcare provider said on Monday. NMC acquired a 70 percent stake in UAE-based CosmeSurge for $170 million and an 80 percent stake in Saudi Arabia’s Al Salam Medical Group for $37 million, the company said in a bourse filing. The cash acquisition of CosmeSurge, which provides cosmetic surgery and aesthetic medicine, is expected to be completed during first quarter of 2018. It has an enterprise value of $250 million and is expected to report a 2017 EBITDA of $20.5 million on revenue of $67 million, the statement said."
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