We noticed you're blocking ads.

Keep supporting great journalism by turning off your ad blocker.

Questions about why you are seeing this? Contact us

Font Size

- Aa +

Tue 16 Dec 2014 01:13 PM

Font Size

- Aa +

Dubai's Abraaj sells 21% stake in healthcare provider

Private equity firm says it has divested stake in Integrated Diagnostics Holdings

Dubai's Abraaj sells 21% stake in healthcare provider

Private equity firm Abraaj Group said on Tuesday it had sold a 21 percent stake in Integrated Diagnostics Holdings (IDH), a healthcare diagnostics service provider, to emerging markets private equity firm Actis.

IDH, which resulted from the 2012 merger of Al Mokhtabar and Al Borg Laboratories, offers pathology and molecular diagnostics, genetics testing and basic radiology in Egypt, Sudan and Jordan.

Abraaj, which has about $7.5 billion of assets under management, declined to reveal the value of the deal or the size of its remaining stake in IDH.

Arabian Business: why we're going behind a paywall

For all the latest banking and finance news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
Real news, real analysis and real insight have real value – especially at a time like this. Unlimited access ArabianBusiness.com can be unlocked for as little as $4.75 per month. Click here for more details.