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Abraaj sold out of court protection to Colony Capital

Abraaj Holdings and its fund management arm Abraaj Investment Management (AIM) have been sold out of provisional liquidation to Colony Capital, which changed its name from Colony Northstar in June 2018. The deal does not include the troubled Abraaj Global Health Fund, which has been hived off to Alix Partners. Colony is a listed US REIT with global ambitions.

Egyptian regulator blocks consolidation efforts by Abraaj-owned group

The Financial Regulatory Authority of Egypt has dismissed Cleopatra Hospital Co’s offer to acquire competitor Nozha International Hospital. Local contacts tell us it might be related to a sharp fall in the target's share price in the few months prior to the takeover bid.

South African cabinet approves National Health Insurance bill

The long-awaited National Health Insurance (NHI) bill has been approved by the South African government cabinet and will now be published for public comment. It is thin on financials but outlines what the single-payor health fund will look like.

NMC signs JV with Saudi state-owned investor

London-listed GCC operator NMC Healthcare has signed a joint venture with the investment arm of Saudi Arabia's private sector pension fund in an all-equity deal. We talk to local contacts and NMC about what both sides are looking to get out of this.

FREE BLOG Diaverum and Davita may lose massive Saudi contracts

The Saudi government is looking for cheap alternatives to current providers or a renegotiation of terms on its massive outsourced dialysis contracts worth half a billion dollars when they come up for renewal in 2019, Healthcare Nova has learnt. Other operators claim it could be done 20-25% cheaper than current costs.

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