Middle East hospital operator VPS hires banks for IPO, sources say | Reuters
Middle Eastern hospital operator VPS Healthcare has hired investment banks for an Abu Dhabi initial public offering (IPO) in the second half of the year, two sources close to the matter told Reuters.
VPS has appointed the investment banking arm of Dubai lender Emirates NBD (ENBD.DU) and J.P. Morgan (JPM.N) as global coordinators, the sources said without providing details on the size of the deal.
Sources told Reuters in February that VPS Healthcare was considering an IPO. read more
VPS Healthcare declined to comment on Monday. Emirates NBD and JP Morgan did not immediately respond to requests for comment.
The operator of the Burjeel hospitals in the United Arab Emirates (UAE) has a network of 24 hospitals and 125 clinics across the Middle East and India.
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