Healthcare
beds, which will be fully
committed to patients
currently receiving
short-term acute care
from hospitals in Jeddah
and its surrounding
areas. The migration of
patients will begin today.
A phased increase of
utilisation is planned with
hospital projected to be
at full capacity by H1
2019.” he added.
Explaining the latest
plans for NMC Health
in Saudi, Mr. Manghat
elaborated, “We agreed
to acquire 60 per cent
stake in a new hospital in
Najran. The acquisition
is expected to close later
this year for the hospital
which houses 100 beds
with adjacent land for
future growth.”
“We also agreed to fully
acquire a hospital in
the northwestern KSA
city of Ha’il that has a
capacity of 60 beds.
Plans are already under
way to utilise existing
land to increase capacity
to more than100 beds.
The hospital currently
provides multi-specialty
20
September 2017
services to Ha’il and the
surrounding area”
NMC Health is planning a
shell and core, greenfield
project planned in the
Western Province of
KSA with an expected
capacity of 170 acute
care beds. The facility
is expected to be
operational in H1 2019.
NMC healthcare reached
agreements to acquire
these multi-specialty
hospitals in each of
the northwestern and
southern regions of Saudi
Arabia for an aggregate
consideration of USD
$40m”
Mr. Manghat concluded,
“With the Chronic Care
Specialty Medical Center,
the acquisition of two
existing facilities, and
the planned greenfield
project, NMC has aligned
its strategic goals with
the needs of the people
of KSA. The expansion
plans to provide our
leading integrated
services to Saudi Arabia
are expected to positively
impact NMC’s earnings
from 2018 and beyond.”
NMC healthcare became
the first Middle East
company to join the FTSE
100.