Saudi healthcare provider expands with acquisition of three facilities in Jeddah

International Medical Centre already operates a 300 bed hospital in Jeddah
Saudi healthcare provider expands with acquisition of three facilities in Jeddah
IMC already operates a 300-bed hospital in Jeddah and the new acquisition includes a primary care centre with over 100 doctors, a radiology centre and a day-case surgery unit with four surgery rooms.
By Sam Bridge
Fri 05 Jul 2019 10:05 AM

International Medical Centre (IMC) has agreed to acquire three medical facilities in north Jeddah.

IMC already operates a 300-bed hospital in Jeddah and the new acquisition includes a primary care centre with over 100 doctors, a radiology centre and a day-case surgery unit with four surgery rooms.

It said it intends to enhance and upgrade the level of services provided by the healthcare facilities.

Dr Ashraf Amir, medical director of IMC, added: “We consider this deal as a first step in our growth strategy, through which we will explore further opportunities to acquire clinics with successful business models, alongside continuing to attract the best qualified and well recognised physicians and medical professionals.”

The completion of the deal is pending regulatory and legal approvals of the Ministry of Health in Saudi Arabia.

Healthcare and education investment company Amanat Holdings holds a 13.18 percent stake in IMC.

Tristan de Boysson, CEO of UAE-based Amanat, said: "We have worked closely with IMC to help it complete its first acquisition and we look forward to supporting its continued success as it develops a market-leading specialist care offering.”

For all the latest health tips & 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.

Subscribe to our Newsletter

Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.