Jordan

 

Aster DM GCC sale nearly complete

The sale of the GCC division of Dubai-based listed hospital and pharmacy chain Aster DM, for just over $1bn, is nearly complete.
March 21, 2024

EU’s AI Act gets the greenlight from the European Commission

Despite opposition, the AI Act seems to be ploughing ahead right on schedule. This week, two key groups of lawmakers - the European Commission's civil liberties (LIBE) and internal market (IMCO) committees - gave their overwhelming support for the new law, which should come into force this summer.
February 16, 2024

Aster DM sells majority stake in Gulf business for $1bn

Dubai-based listed hospital and pharmacy chain Aster DM is selling a majority 65% stake in its Gulf business for a shade over $1bn to a consortium led by PE investor Fajr Capital. HBI investigates the thinking behind the deal, what this means for the group's expansion plans, and looks at the future of the GCC market generally with the help of expert commentary. 
December 1, 2023

Aster DM set to sell GCC business

Listed hospital group Aster DM’s share price has rocketed in anticipation as the group’s long-awaited sale in the Gulf looms closer.
September 8, 2023

Saudi Arabia backs new $400m hospital for Jordan

The University College London Medical School (UCLMS) is joining forces with the Saudi Jordanian Investment Fund (SJIF) and UCLA Health in a new $400 million (€380m) university hospital in Jordan.
June 17, 2022

IDH enters South Asian market

Integrated Diagnostics Holdings is acquiring a 50% stake in one of Pakistan’s largest diagnostics providers, entering the country for the first time.
January 6, 2022

€300m-plus IPO for Middle East’s largest imaging platform planned

Africa-focused private equity firm Meditterania Capital Partners intends to triple the EBITDA of its recently-formed imaging platform Ray Lab which spans Egypt, Jordan and Saudi Arabia before exiting, preferably by IPO, in a few years' time, partner Daniel Viñas tells HBI. He discusses the specifics of the deal, merging Ray Lab's two businesses, and how its markets are evolving.
June 11, 2020

IDH to start mining lab data

Pan-African lab company Integrated Diagnostic Holdings (IDH) will soon start mining its database of 13m patients through a new subsidiary with the ultimate aim of layering extra services on top.
September 11, 2019
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