Dubai’s Amanat Said to Weigh Acquiring VPS Healthcare Stake - Bloomberg:
Amanat Holdings PJSC, the Dubai-based investment firm, is considering acquiring a stake in Middle Eastern hospital operator VPS Healthcare LLC, people with knowledge of the matter said.
The companies have held early discussions about a possible deal, the people said, asking not to be identified as the matter is private. Amanat, which owns companies in the health-care and education industries, is working with a financial adviser to explore the potential investment, according to the people.
The talks come at a challenging time for Middle Eastern hospital operators. NMC Health Plc, a larger London-listed rival, has been facing allegations by Carson Block’s Muddy Waters Capital LLC that the company’s financial statements hint at potential overpayment for assets, inflated cash balances and understated debt. NMC has called those claims are unfounded and vowed to conduct an independent review.
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