Saudi Hospital Chain Is Close to Hiring Goldman on Deal - Bloomberg:
"Saudi Arabian hospital operator Al Hammadi Co. for Development & Investment is close to hiring Goldman Sachs Group Inc. to advise on merger talks with National Medical Care Co., according to people with knowledge of the matter.
Al Hammadi could finalize appointing Goldman Sachs in coming days, the people said, asking not to be identified because the information is private. The mandate isn’t final and the company’s plans could change, they said. National Medical Care is likely to work with JPMorgan Chase & Co., they said.
A representative for Al Hammadi said the company will select an adviser soon, without providing any additional details. Spokesmen for Goldman Sachs and JPMorgan declined to comment. National Medical Care didn’t respond to requests."
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