Abu Dhabi fund CVC among contenders for $ 1 billion NMC hospital business

Abu Dhabi fund CVC among contenders for $ 1 billion NMC hospital business

DUBAI (Reuters) – State-owned Abu Dhabi holding company ADQ and private equity firm CVC Capital Partners are among the suitors who have shown interest in NMC Health’s core hospital business, sources told Reuters.

FILE PHOTO: General view of the NMC Specialist Hospital in Abu Dhabi, United Arab Emirates, February 11, 2020. REUTERS / Satish Kumar / File Photo

Hospital operators in the region reported higher profits for the past year, as the COVID-19 pandemic led to an increase in inpatient occupancy rates.

NMC has hired sales consultants for NMC’s healthcare business in the United Arab Emirates (UAE) and Oman, which sources say could generate around $ 1 billion.

ADQ is taking the transaction seriously, which would make sense for the fledgling wealth fund, whose portfolio includes Abu Dhabi Health Services Co…

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