Al Noor, Mediclinic shares start trading on LSE
DUBAI, February 16, 2016
Al Noor Hospitals Group and Mediclinic International has begun trading shares on the London Stock Exchange.
The newly enlarged Mediclinic Internatinoal now boasts 73 hospitals and 43 clinics in Southern Africa, the UAE and Switzerland, as well as a 29.9 per cent shareholding in Spire Healthcare, a UK-based private hospital group with 38 facilities, said a statement.
Mediclinic Middle East became the UAE’s largest private healthcare group, operating five hospitals and 38 clinics with more than 600 inpatient beds.
David Hadley, chief executive officer, Mediclinic Middle East, said: “I am delighted with the completion of the combination of these two businesses. Corporately, it is a very important day for Mediclinic International as it becomes the eighth largest private healthcare company in the world and begins trading on the London Stock Exchange.
"Regionally, this combination is an amalgamation of two companies who share similar values when it comes to delivering premium quality healthcare and Al Noor’s wide network of respected hospitals and clinics in Abu Dhabi and beyond brings Mediclinic extended coverage of the growing UAE healthcare market.
"This is not just a combination of businesses, however, but also of cultures and people, and I am very excited about working with the newly enlarged team.” - TradeArabia News Service
