The largest deal announced last week created the largest private healthcare provider in the United Arab Emirates, which may be why you didn’t hear much about it. The South African private hospital company Mediclinic International Ltd. (OTCQB: MCFFY) won the approval of the board of Al Noor Hospitals Group plc, based in Abu Dhabi, UAE, in a deal valued at $2.3 billion. Al Noor, which provides primary, secondary and tertiary care services through its portfolio of hospitals and medical centers in the UAE, spurned the advances of a crosstown rival NMC Health plc, and went with Mediclinic. Mediclinic shareholders will own a majority stake (84% to 93%) in the combined company, which will have 73 hospitals and approximately 10,200 beds and 35 clinics. The combination company will be renamed Mediclinic International plc and listed on the London Stock Exchange.
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