United Arab Emirates

 

Mediclinic rejects £3.4bn takeover bid from consortium led by largest shareholder

Multinational South African hospital group Mediclinic has rejected a proposal for a possible cash offer of £3.4bn for the company’s entire share capital. The proposal came from a consortium comprising Mediclinic’s current largest shareholder, South African investment holding firm Remgro, and Mediterranean Shipping Company (MSC), the world’s second largest container shipping provider.

Mediclinic returns to growth in FY22

A strong performance at home saw South African hospital group Mediclinic's revenue grow 8% in the financial year ending March 31, 2022 and its EBITDA margin move up two percentage points to 16%.

Ramsay makes eye-watering bid for GHP

Ramsay Santé, the European branch of multinational hospital giant Ramsay Healthcare, has made a bid for listed Swedish specialty care provider GHP Specialty Care.

Amanat targets post-acute care

Amanat, the listed, Dubai-based healthcare and education investor, sees big opportunities in post acute care as it reveals strong 2021 results.

ADQ/Alpha Dhabi merger is ‘backdoor nationalisation’ of Abu Dhabi healthcare

A well-placed source tells us the merger between major UAE healthcare groups Abu Dhabi Health Services Company (SEHA), the National Health Insurance Company (Daman) and Alpha Dhabi’s Pure Health, effectively amounts to a ‘backdoor nationalisation’ of the healthcare system in Abu Dhabi, and that it will now be difficult for any newcomers to enter the market. 

Mediclinic Middle East acquires homecare group

Mediclinic Middle East is acquiring Ayadi Home Healthcare (Ayadi), which provides home healthcare services to patients in Abu Dhabi and Al Ain. The acquisition is a further step towards becoming an integrated healthcare provider.

Mediclinic buys Mehilainen’s digital platform

Mediclinic International has entered into a group-wide digital collaboration with BeeHealthy, a subsidiary of Finnish-based international private healthcare provider Mehiläinen.

Fertility M&A: KKR buys GeneraLife, Mediclinic buys Bourn Hall in MENA

There are two big deals in fertility this week, as global investment company KKR has acquired health, wellness and fitness group GeneraLife IVF (formerly Ginefiv) from Southern Europe focussed Investindustrial, and Mediclinic Middle East has acquired 100% of Bourn Hall Fertility Centre in the MENA region.

Amanat Holdings experiments with real estate investment

GCC healthcare and education investment group Amanat Holdings has bought the property of one of its portfolio companies, Dubai-based rehab clinic Cambridge Medical and Rehabilitation Centre (CMRC), for 46m AED ($12.5m). We talk to the company and ask why.

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