VPS Healthcare Reconsiders London IPO Because of Brexit Uncertain - Bloomberg

VPS Healthcare Reconsiders London IPO Because of Brexit Uncertain - Bloomberg:

VPS Healthcare LLC, a hospital operator in the Middle East, Europe and India, is reconsidering plans to list in London due to uncertainty surrounding Brexit, according to a person with knowledge of the matter.

The Abu Dhabi-based hospital operator is also evaluating listing in the U.S. or Singapore and will decide closer to the IPO, the person said, asking not to be identified because the matter is private. VPS Healthcare now plans to sell shares in 2020 rather than this year, the person said.

The company, which operates about 20 hospitals and more than 125 medical centers, was said to have hired Rothschild & Co. to advise on a potential listing in London this year. VPS Healthcare was seeking to follow United Arab Emirates-based medical firms, such as NMC Health Plc, in listing in London.