NMC expands in the Gulf

NMC expands in the Gulf

22nd Jan 2018

Abu Dhabi based healthcare giant NMC have further expanded, by investing $207m in two seperate healthcare providers.

 

Announced to the London Stock Market (where the company is listed) on Monday (22/1), NMC have acquired a 70% stake in UAE cosmetic surgery providers ‘Cosmesurge’, and an 80% share in Saudi based Al Salam Medical Group - further enhancing their presence in the growing Saudi market.

 

Dubai based ‘Cosmesurge’ currently operate 17 clinics and ten hospitals throughout the Emirates, with a further two clinics currently in construction.

 

Al Salam meanwhile are based in Riyadh, and operate three centres, most notably their flagship 100 bed hospital in the Kingdom’s capital.

 

Speaking about the news, CEO of NMC Health, Prasanth Manghat said: “Saudi Arabia remains a key focus market for us and despite already reaching 800 beds across existing and under-construction assets in the country, we continue to see strong growth opportunities in the Kingdom.

 

“Al Salam further extends our geographical footprint in the KSA, cementing our leading position as a non-domiciled provider.”

 

Healthcare is an area that is benefitting from the Gulf’s attempts to move on from an oil-driven economy. For more information on how to secure a move to the region, and for the latest job alerts, register on our website today.

 

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