Al Noor Hospitals Group | Takeover Bidding War

Al Noor Hospitals Group | Takeover Bidding War

12th Oct 2015

NMC group stated that it has made an informal offer for the Al Noor Hospital group entering into a bidding war with Mediclinics which has made a previous offer for the group. The NMC is a combined cash and share offer. 

NMC has until November 6 to make a formal offer or withdraw. The absorption of Al Noor Group into NMC or Mediclinics will lead to further consolidation within the healthcare industry in the UAE.

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Comments

The healthcare sector in the UAE is getting exciting.
Posted on Monday, October 12, 2015 15:38 by KWilson

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