Private Healthcare Provider NMC Health Buys ProVita for $160.6Madmin
LONDON–NMC Health PLC (NMC.LN) has agreed to buy ProVita International Medical Center LLC, a provider of long-term medical care in the UAE, for $160.6 million.
The integrated private healthcare provider said Monday that it will acquire ProVita for an equity consideration to be paid in cash, from TVM Capital Healthcare Partners, the Olayan Group, Al Zarooni Emirates Investment and other minority shareholders.
The acquisition is expected to be firmly accretive to the company’s earnings per share and to have a positive effect on margins and ROIC, before taking into account any revenue and cost synergies, it added.
NMC Health added that the acquisition is due to be completed by third quarter of 2015.
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