Al Aseel to buy healthcare facilities worth USD150m

06 Apr 2011

(MENAFN) Shailesh Dash, CEO of Al Masah Capital Management, the company that manages Al Aseel Investments, said that the latter company would buy eighteen to twenty healthcare facilities in the Arab world worth a total of USD150 million, reported Arabian Business.

The CEO said that once the facilities are purchased, they would all lose their previous brand and would be branded under a single trademark.

The CEO expected for the purchases to be completed within less than a year and a half.

It is worth noting that so far, the company had successfully acquired Abu Dhabi facilities National Hospital and New National Medical Center.

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