HBI Deals+Insights / News

NMC pays nearly $1.8m per bed for ProVita

NMC Health, the UAE’s second largest hospital and outpatient group, has acquired ventilator-dependent, long-term care group ProVita for an enterprise value (EV) of $160.6m in cash. With ProVita currently only having 90 beds, this deal values each bed at close to $1.8m, emphasising the shortage and demand for long-term care in the region.

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