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FINANCIAL NEWS
Al Noor Hospitals to invest USD200m in acquisitions in 2015
15 Oct 2014
(MENAFN) UAE-based Al Noor Hospitals announced it is planning to invest up to USD200 million in acquisitions in 2015, as the hospital plans to increase its operations in its home market and as well as plans to expand in the other Gulf countries, Arabian Business reported.
Al Noor hospital, one of the largest private healthcare providers in the UAE, has said that these plans came as a result of the boom currently occurring in the Gulf region’s healthcare industry, which resulted in five of the six Gulf states becoming in the global top 10 for prevalence of diabetes.
Al Noor, which made three acquisitions in the country this year, including a cancer center, said it is hoping to make further substantial buys in the rest of the year and next year.
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