H.E. Mr Saeed Bin Butti Alqubaisi acquires a significant stake in New Medical Centre LLC (UAE)

Mon Jan 31, 2011 9:31am EST

* Reuters is not responsible for the content in this press release.

H.E. Mr. Saeed Bin Butti Alqubaisi today announced that he has acquired a significant stake in New Medical Centre LLC (NMC) through his company Centurion Investments of which he is the sole owner.  H.E. Mr. Saeed Alqubaisi stated that the investment is based on the belief in the business model of NMC, the strong management and the company's proven track record.

NMC Chairman, H.E. Mr. Abdullah Al-Mazroei, and Managing Director, Dr. B. R. Shetty, welcomes the investment as Centurion Investments will be a strategic partner and of great value with regards to the planned expansion program for NMC. 

The investment is of high importance to the healthcare sector, particularly as NMC is a leading provider in this field in the UAE.  The investment will assist the company in attaining the goals outlined in the company's five year business plan which focuses heavily on the expansion program and is expected to add value to the company.

New Medical Centre (NMC) is a fully integrated major healthcare provider in the United Arab Emirates with prominent shareholders and proven management track record.  Established in 1976, NMC's businesses have grown to include healthcare facilities including speciality hospitals, general hospitals and clinics; pharmacies; the trading and distribution of leading brands of pharmaceuticals, medical equipment; and information technology services related to the healthcare sector.  Today NMC's healthcare business accounts for a significant portion of the healthcare sector across the United Arab Emirates.

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Centurion Investments via Thomson Reuters ONE


HUG#1483547


Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.