Abu Dhabi – Mubasher: NMC Health has announced its acquisition of an in-vitro fertilisation (IVF) market leader in the UAE.
Abu Dhabi-based NMC Health acquired Fakih IVF, which owns Fakih IVF and Fakih IVF Fertility Centre, through a share purchase deal on Sunday.
As part consideration for the acquisition, a total of 3.53 million new ordinary shares of 10 pence each fully paid in the company have been issued, NMC said in a statement.
In 2015, NMC, which operates across 13 countries, announced plans to acquire 51% of Fakih IVF Group for AED 696 million.
NMC did not disclose the value of the most recent deal.
Fakih IVF is a regional leader for IVF services, performing over 4,000 IVF cycles per year.
