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×International Medical Center acquires three medical entities
On June 25, 2019, International Medical Center (IMC), which is 19.3 percent owned by Fitaihi Holding Group, signed a memorandum of understanding (MoU) to acquire three medical entities in north Jeddah.
Deal Value | Method of Finance | Type | Status |
- | Internal Resources | Acquisition | Completed |
The Acquiring Party
International Medical Center - IMC | |
Country | Saudi Arabia |
Status | Unlisted |
Argaam Sector | Health Care Services |
*Market Cap (Million SAR) | - |
*Price/Share (SAR) | - |
The Acquired Party
First Modern Clinic Complex Co. - First Modern Clinic | |
Country | Saudi Arabia |
Status | Unlisted |
Argaam Sector | - |
*Market Cap (Million SAR) | - |
*Price/Share (SAR) | - |
Khutwat Tadawi Medical Center - Tadawi | |
Country | Saudi Arabia |
Status | Unlisted |
Argaam Sector | - |
*Market Cap (Million SAR) | - |
*Price/Share (SAR) | - |
First Medical Radiology Center - First Medical Radiology | |
Country | Saudi Arabia |
Status | Unlisted |
Argaam Sector | - |
*Market Cap (Million SAR) | - |
*Price/Share (SAR) | - |
- *Based on the latest data available
Consultants
Deal Advisor | PWC KSA |
Legal Advisor | Morgan Lewis |
Important Dates
Announced Date | 25-06-2019 |
Expected date for Completion | - |
Related Parties
Company | Role |
---|---|
Fitaihi Holding Group | Owner |
Main Details
The acquisition represents 100 percent of the capital of the three companies owning First Clinic, Khutwat Tadawi Medical Center and First Scan Center.
Note
* Fitaihi Holding Group owns a 19.25 percent stake in IMC’s SAR 750 million capital. Mohammed Ahmed Hassan Fitaihi and Maha Ahmed Hassan Fitaihi are the Group representatives on IMC board of directors.
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