Abu Dhabi healthcare firm Al Noor Hospitals will focus on growing its business in its domestic market this year, its chief strategy officer said on Monday, after reporting a slight increase in 2013 net profit.
In its first full-ye
Al Noor Hospitals Group, one of the largest private healthcare service providers in the UAE, said it has acquired Abu Dhabi-based Gulf International Cancer Centre (GIIC) for an initial cash consideration of Dh80 million ($21.8 million).
Abu Dhabi-based Al Noor Hospitals Group has posted revenues of $84 million during the three months to September 30, as against $75.4 million during the corresponding period in 2012, marking an increase of 11.4 per cent.
Al Noor Hospitals, the Abu Dhabi healthcare firm which raised $342 million from a London listing in June, said total profit for the first half of the year fell 24.4 per cent, posting its first financial results as a publicly traded company.
Abu Dhabi healthcare firm Al Noor Hospitals priced its London initial public offering at 5.75 pounds per share on Friday, valuing the company at 672 million pounds ($1.04 billion).
That was in the lower half of its original price