DUBAI: UAE-based hospital operator NMC Healthcare has $800 million available to start investing in 2018 in the Gulf and other markets, its chief executive told Reuters in an
interview.
The London-listed firm, which is among the beneficiaries from recent growth in the Gulf’s health care sector, plans to acquire hospitals and other facilities, as well as smaller investments in In-Vitro Fertilization (IVF) facilities in Europe, said Prasanth Manghat.
“We have an $800 million war chest available to us and see a lot of assets in the market that make sense for us,” said Manghat.
“If you look at health care, there’s a shortage of quality of assets and from a usage point of view there’s a lot of assets.” The company’s main business has historically been within the UAE, where it has both built and acquired hospitals, including the acquisition in February of Al Zahra Hospital in Sharjah for $560 million.
“We have an $800 million war chest available to us and see a lot of assets in the market that make sense for us,” said Manghat.
“If you look at health care, there’s a shortage of quality of assets and from a usage point of view there’s a lot of assets.” The company’s main business has historically been within the UAE, where it has both built and acquired hospitals, including the acquisition in February of Al Zahra Hospital in Sharjah for $560 million.
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