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Thu 22 Sep 2016 01:55 PM

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Dubai's Aster buys 60% stake in Abu Dhabi medical centre

Aster DM Healthcare has acquired a majority interest in Harley Street Medical Centre

Dubai's Aster buys 60% stake in Abu Dhabi medical centre
Harley Street Medical Centre in Marina Business Park, Abu Dhabi

Dubai-based Aster DM Healthcare has acquired a 60% stake in Harley Street Medical Centre and certain affiliated companies in Abu Dhabi.

Global law firm Clyde & Co, which advised Aster on the deal, said the healthcare company has now become a $6 billion business with over 300 facilities in the Middle East, India and Far East Asia.

The Harley Street Medical Centre, located in Marina Business Park, Abu Dhabi, is a day care surgery that offers care in urology, plastic surgery, gynaecology, gastroenterology, orthopaedics, paediatrics, internal medicine and general surgery.

Hady Jerdak M.D, CEO from HSMC, said: “Aster DM
Healthcare, headed by Dr. Azad Moopen, share our passion to serve people and to
change societies. This partnership will mutually consolidate our goals and beliefs
to provide an ethical and sophisticated medical service."

“This is an exciting acquisition for
us," said Dr Azad Moopen, Aster DM Healthcare chairman & MD. “Aster DM Healthcare has a diverse and sector-leading portfolio. This
partnership not only expands our niche service offering, but gives us an additional
platform to deliver sophisticated healthcare services with a partner who shares
our philosophy of delivering unparallelled excellence."

According to Mergermarket, Clyde & Co was the leading legal adviser on M&A deals in the healthcare sector in MENA in 2016 by volume.

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