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

All Rights Reserved - Mubasher Info © 2005 - 2019 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.