NMC Health has withdrawn its bid for rival United Arab Emirates-based healthcare provider Al Noor Hospitals due to valuation concerns, its vice chairman and chief executive told Reuters on Monday.
"The transaction is not goin
Al Noor Hospitals Group, the largest private healthcare service provider in Abu Dhabi, has appointed David Hoidal as chief operations officer effective immediately.
He replaces Dr Jeffrey Staples, who departed the company to explo
Abu Dhabi-based Al Noor Hospitals Group said its revenue for the first quarter in 2014 increased by 24.7 per cent to $111.6 million when compared to $89.5 million last year.
Announcing the results for the period between January 1
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