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Al Noor Hospitals Group PLC acquires Gulf International Cancer Centre

Monday, 30 Dec 2013 02:00am EST 

Al Noor Hospitals Group PLC:Says the acquisition of Gulf International Cancer Centre (GICC) in Al Bahia, Abu-Dhabi for an initial cash consideration of AED 80 mln (US$21.8 mln).Says an additional one-off payment of AED 10 mln (US$2.7 mln) will be paid upfront for lease rent, and additional payments of up to AED 8 mln (US$2.2 mln) will be payable subject to performance up to the end of 2014.