United Arab Emirates

 

PAI Partners seeks sovereign wealth fund boost for Sanofi consumer healthcare bid

PAI Partners, the French private equity firm, is in talks with two of the world's largest sovereign wealth funds to support its offer for Sanofi SA's consumer health division. According to anonymous Bloomberg sources, the Abu Dhabi Investment Authority (ADIA) and Singapore's GIC Pte are considering joining PAI's consortium. The deal could value the business […]

Germany’s pharmaceutical company STADA expands its presence in MENA region

STADA, a European pharmaceutical company based in Germany, has acquired the FITO™ trademark from Leo Pharma, a multinational Danish pharmaceutical company, to expand its consumer healthcare presence in the Middle East and North Africa (MENA) region.  International law firm Bird & Bird has advised STADA Group on acquiring the FITO business from Leo Pharma in an asset deal.

PureHealth announces latest revenue results

UAE-based healthcare group PureHealth has announced a 53% year-on-year increase in revenue to DH 12.5 billion (~$3.4 billion)  for the first half of 2024 compared to the first half of 2023.

NMC Health considering sale and IPO

NMC Health, the UAE’s largest private healthcare provider, has appointed investment bank Rothschild to advise on options for its shareholders. The options under consideration include a sale and an IPO. The company was previously listed on the London Stock Exchange before it was placed into administration in 2020.

Aster DM GCC sale nearly complete

The sale of the GCC division of Dubai-based listed hospital and pharmacy chain Aster DM, for just over $1bn, is nearly complete.

Burjeel Holdings to triple PhysioTherabia network in Saudi Arabia

UAE-based specialty private healthcare services provider Burjeel Holdings is tripling the number of PhysioTherabia centres it operates in Saudi Arabia, as part of the company’s commitment to providing advanced physiotherapy services in the country.

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