NMC Healthcare group (“NMC”), a number one built-in personal healthcare supplier within the United Arab Emirates (“UAE”), publicizes that they’ve entered right into a legally binding settlement to promote its 65% stake in Fakih IVF Fertility Centre (“Fakih IVF”) to Blue Ocean Well being Group (“Blue Ocean”). The transaction is topic to customary closing situations and is anticipated to be accomplished throughout the subsequent two months. The monetary phrases of the transaction will not be being disclosed. Upon completion, Blue Ocean will wholly personal Fakih IVF.
This transaction is a part of NMC’s technique to additional spend money on the enlargement of its core multi-specialty healthcare providers, together with the enhancement of current amenities and the strategic progress throughout Dubai and the Northern Emirates. Upcoming tasks embody the opening of 4 new medical amenities this 12 months, together with a brand new pediatric medical middle within the densely populated Marina space of Dubai, in addition to a brand new multi-specialty medical middle in Palm Jumeirah, scheduled to open this summer season. The proceeds from the sale of Fakih IVF will assist to facilitate these progress initiatives.
David Hadley, CEO of NMC Healthcare, acknowledged: “NMC’s core goal is to offer personalised, multi-specialty, and extremely accessible healthcare providers to all communities throughout the UAE. This strategic sale allows us to concentrate on increasing our complete secondary and tertiary providers and medical amenities, together with vital investments in Dubai and the Northern Emirates”. He continued, “Blue Ocean Well being Group and Fakih IVF have been glorious companions to us and are well-positioned to proceed rising their necessary, specialist work within the fertility sector. We’re grateful for his or her collaboration and their influence.”
Fakih IVF, the market chief in fertility providers within the GCC area, views this transaction as a possibility to boost its footprint and presence throughout the UAE and GCC area.
Dr. Michael Fakih, Government Chairman of Blue Ocean Well being, and Founder, Chairman, and Medical Director of Fakih IVF, stated: “Bringing Fakih IVF totally below the Blue Ocean Well being Group umbrella marks an thrilling new chapter for us. This acquisition supplies the chance to additional improve our providers and broaden our attain, solidifying our place because the lead supplier of fertility providers within the area.” He continued, “We’ve formidable funding plans for the approaching years, which embody increasing our footprint, enhancing the infrastructure of our present amenities, increasing the vary of medical providers provided, and introducing superior coaching applications for our medical groups. Moreover, we’re dedicated to investing in scientific analysis to foster innovation in fertility remedy applied sciences. We respect NMC’s partnership over time and stay up for persevering with to construct on the sturdy basis now we have established collectively.”
NMC is likely one of the largest personal healthcare suppliers within the UAE and has performed an integral half in offering complete healthcare providers within the UAE since 1975. Its nationwide community of 78 hospitals and medical amenities makes it the one healthcare group uniquely positioned to serve the three most populous Emirates of Abu Dhabi, Dubai and Sharjah, in addition to the Northern Emirates of Ras Al Khaimah and Ajman. NMC serves over 5.5 million sufferers yearly.
