TLA represents NMC Health PLC in the acquisition of Al Zahra Hospital for USD 560 million22 December 2016
Dubai, United Arab Emirates- 22 December 2016- The law firm of Tribonian Law Advisors (TLA) announces that it has represented NMC Health PLC (NMC), the LSE-listed leading integrated healthcare provider operating across the United Arab Emirates (UAE) and Saudi Arabia, in the acquisition of Al Zahra Hospital, one of the largest private hospitals in Sharjah, UAE, from Gulf Medical Projects for around $560 million.
The acquisition complements the NMC group’s existing network of seven out-patient medical centers in Sharjah, the third most populated emirate in the UAE, to further strengthen the group’s position as the largest private healthcare provider in the UAE and in the Gulf Cooperation Council.
Rindala Beydoun, TLA managing partner, commented: “We are proud to having acted as lead M&A counsel to NMC in one of the largest healthcare deals in the Middle East on record. This transaction crowns our position as a prominent regional M&A law firm, as well as our strong track-record in the health care sector. This is a landmark deal that puts NMC at the forefront of an ever more developed and sophisticated healthcare market in the UAE”.
The TLA team was led by the firm’s managing partner, Rindala Beydoun and partners Carlo Pianese and Emile Boulos, who were assisted by associates Celine Bsaibes and Maria Mourad, as well as trainees Andrew El Khoury, Shiladitya Majumadar and Tala Azar.
J.P. Morgan Cazenove and Standard Chartered Bank were the leading financial advisers of the purchaser.
Contact at TLA:
Rindala Beydoun, Managing Partner
+971 4 381 2000
Level 6, Capricorn Tower,
Sheikh Zayed St., P.O. Box 72545
Dubai, United Arab Emirates