January 22, 2018 / 7:27 AM / a year ago

BRIEF-NMC Health Says Acquisition Of 70% Stake In Cosmesurge And Related Businesses​

Jan 22 (Reuters) - NMC Health Plc:

* ‍ANNOUNCE TWO ACQUISITIONS AND COMPLETION OF NEW OPERATING AND MANAGEMENT (O&M) CONTRACTS​

* ‍SAYS ACQUISITION OF 70% STAKE IN COSMESURGE AND RELATED BUSINESSES​

* ‍PURCHASE CONSIDERATION FOR COSMESURGE DEAL OF USD 170MN, TRANSLATING INTO 10.6X 2018E EV/EBITDA​

* SAYS ACQUISITION OF 80% STAKE IN RIYADH-BASED AL SALAM MEDICAL GROUP​

* NMC HEALTH - ‍INITIAL CONSIDERATION OF C. $37MN PAYABLE UPON CLOSING AND DEFERRED CONSIDERATION TO BE PAID AFTER 1 YEAR BASED ON BUSINESS’S FINANCIAL PERFORMANCE FOR AL SALAM DEAL ​ Source text for Eikon: Further company coverage: (Bangalore.newsroom@thomsonreuters.com)

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