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DUBAI / EMIRATES BUSINESS
NMC Health plc. (NMC), the leading integrated healthcare provider operating across the United Arab Emirates, announced the proposed acquisition of Al Zahra Hospital in Sharjah from Gulf Medical Projects Company (“GMPCâ€) for AED 2,058 million (approximately US$560 million).
Subject to shareholder approval, the acquisition is a strategic step forward for NMC Health and will reinforce the company’s position as a leading provider of healthcare services in the UAE private sector. Al Zahra Hospital will complement the Group’s existing network of seven out-patient medical centres in Sharjah.
The Al Zahra Hospital is one of the largest private hospitals in the UAE, operating 137 active inpatient beds, serving approximately 400,000 outpatients and 23,000 inpatient bed days per year. It provides services of an international standard, supported by state-of-the-art facilities including cutting edge radiology and laboratory practices, as well as seven operating theatres, recovery room beds, more than 80 individual clinics, a maternity complex and emergency room beds, including triage.
The Al Zahra Hospital has demonstrated a strong track record of growth and for the year ended December 2015 achieved revenues of US$130.4 million, and net profit of US$38.8 million respectively.