(MENAFN- Khaleej Times) Al Noor Hospitals Group, which raised $362 million in a London share sale in June, is considering expanding in Dubai after the emirate announced plans to make health insurance mandatory.
Compulsory insurance "makes that market even more attractive than it was", chief strategy officer Sami Alom said in Abu Dhabi, where the group is based. "We will be focusing our efforts on Dubai."
The expansion will be "most likely through acquisitions," he said, declining to provide details. Al Noor Hospitals said in October it had acquired 75 per cent of Manchester Clinic in Dubai
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.