Exclusive - Hospital contract disarray highlights challenges to Saudi healthcare reform:
"London-listed NMC Health’s (NMC.L) bid to take over the running of a top Saudi hospital has stalled over contractual terms, reflecting wider challenges to the government’s drive to open the healthcare sector to foreign investors.
The Ministry of Health has been in talks with companies interested in managing the Saad Specialist Hospital in Khobar, which is one of the leading cancer treatment facilities in the Gulf but has been closed since late last year - a casualty of a multi-billion dollar debt row gripping the family that owns it.
United Arab Emirates-based healthcare provider NMC had been seen as a frontrunner to win a seven-year contract to run the 750-bed hospital, according to three sources familiar with the matter. But bidding has been held up by the government’s unwillingness to extend the contract beyond seven years and investor concern about the debt dispute involving the hospital’s owner, the sources said."
'via Blog this'
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