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United Arab Emirates

 

UAE primary care platform doubles in size, targets Saudi

HBI catches up with Abhishek Sharma, CEO of Foundation Holdings which is putting $125m towards building a primary care platform in the UAE. It has doubled its national footprint in the last 18 months and is targeting Saudi Arabia and the whole region next.

Crisis in the UAE’s private hospital sector

A large private hospital in the UAE closed this week, as a tougher payor climate because of the A-class expat exodus hits the sector, HBI is told. Another source says that some groups may have over-extended themselves trying to keep up with a dominant NMC Health.

FREE BLOG The moral quandary of NHS Trusts going abroad

This week, we heard that a well-known UK NHS Trust is pulling out of Abu Dhabi, UAE, highlighting that exporting healthcare abroad is not for the faint-hearted. Successful or not, HBI thinks that public healthcare operators embarking on such ventures face a moral quandary.

NMC Health shares soar as investors bid for stake: but is it a serious offer?

Unnamed groups, one linked to Chinese conglomerate Fosun, have reportedly bid nearly $2bn for a 40% stake in London-listed global healthcare group NMC Health, according to a Reuters story, sending the share price soaring on the same day as its H1 2019 results. But the offer looks like it is still far below NMC Health's peak share price of August 2018, so why on earth would they sell now? We give the reaction of analysts, advisers and investors. 

UK NHS Trust pulling out of Abu Dhabi

We hear that a UK NHS Trust, one of several to have set up healthcare facilities in the GCC in the past decade, is close to offloading its Abu Dhabi clinic to a local private operator. We discuss the success of NHS Trusts in the GCC generally.

Jefferies and HSBC disagree on NMC

Investment bank Jefferies has issued another critical note of NMC Health, reducing its price target again and dissecting its goodwill and lease liability reporting. HSBC, meanwhile, still prefers it in the UAE over Mediclinic, citing demographic changes. NMC Health gives us its rebuttals to Jefferies' note.

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