Amanat mulls acquiring stake in VPS Healthcare

The potential deal will reinforce Amanat’s position as a key healthcare investment company

  

Dubai –  The Gulf’s largest healthcare and education investment company, Amanat Holdings, is currently considering a potential acquisition of a strategic stake in the Middle East operations of VPS Healthcare.

The possible transaction is in line with Amanat’s strategy to invest in leading healthcare service providers and establish platforms to profitably grow and scale, according to a press release on Sunday.

The potential deal will reinforce Amanat’s position as a key healthcare investment company and partner of choice with excellent operational capabilities.

Moreover, J.P. Morgan has been appointed as Amanat’s financial advisor on the transaction.

Any definitive agreement concerning the transaction will be subject to formal approvals from Amanat’s board of directors, its general assembly, as well as its regulators and in compliance with the UAE regulations.

Amanat will announce any further details in a timely manner, the statement said.

It is worth pinpointing that VPS Healthcare was founded in 2007 by Shamsheer Vayalil and is a major Emirati integrated private healthcare service provider, with a growing foothold in Oman.

Source: Mubasher

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