Monday 3 August 2020

VPS Healthcare shows interest in Al Noor

ABU DHABI, October 20, 2015

United Arab Emirates' Al Noor Hospitals Group, which last week agreed to be bought by South Africa's Mediclinic International, said VPS Healthcare has approached it with a "highly preliminary indication of interest".

VPS is Al Noor's third suitor after Mediclinic's £1.4 billion ($2.2 billion) bid was agreed despite a rival approach from NMC Health in a tussle for expansion in the fast-growing Gulf Region.

Privately-held UAE-based VPS has until 1700 GMT on November 17 to announce a firm intention to make an offer for Al Noor under UK takeover rules.

NMC Health, already a major player in the UAE, has vowed to fight on, saying last Wednesday it remained committed to a tie-up with Al Noor.

Shares in Al Noor rose 2.5 per cent to 1,192 pence, above the 1,160 pence cash offered in one of the alternatives proposed by Mediclinic. - Reuters

Tags: NMC | Al Noor | VPS Healthcare |

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