PHOTO
Response Plus Holding, the UAE-based private onsite medical service provider, said its board approved plans to initiate the acquisition of 100 percent of Health Tech Training Center LLC for up to 9.8 million dirhams ($2.7 million).
The chairman of the Response Plus Holding disclosed an ownership interest of 49 percent shares in Health Tech and therefore abstained from voting on the approval, the Abu Dhabi Securities Exchange listed Response Plus said in a bourse disclosure.
The board also approved the company's three-year business plan.
Response Plus is 40-percent owned by Abu Dhabi-listed International Holding Company (IHC). It provides on-site healthcare management and medical emergency transfers. In 2019 it set up in Saudi Arabia and Oman and has plans to expand further in GCC as well as in Ghana and Nigeria.
(Writing by Brinda Darasha; editing by Daniel Luiz)
Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.
© ZAWYA 2021
