Thursday 31 May 2018

Mubadala Among Bidders for U.A.E.’s Amana Healthcare - Bloomberg

Mubadala Among Bidders for U.A.E.’s Amana Healthcare - Bloomberg:

"Abu Dhabi’s Mubadala Investment Co. is among potential bidders for the United Arab Emirates’ privately-held Amana Healthcare, people with knowledge of the matter said.

The fund’s healthcare unit is in advanced talks about the acquisition, the people said, asking not to be identified because the discussions are private. Amana, which operates in Abu Dhabi and Al Ain, has also drawn interest from other large healthcare providers and investors, some of the people said.

Bank of America Corp. was hired to work on the sale that could value the business at about $400 million, people said in 2016. Amana hopes to close a deal by the end of the year, some of the people said. A representative for Amana didn’t immediately respond to requests for comment, while Mubadala declined to comment."



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