DUBAI/ABU DHABI: Two groups, including one backed by China's Fosun , have made competing offers to buy a 40per cent stake in London-listed NMC Health worth up to US$1.9 billion, four sources familiar with the deal said.
However, they may choose to retain at least some of their current holding in the company, the sources said. NMC Health's businesses include an extended portfolio of hospitals, day surgery centers, clinics and pharmacies across the UAE. The group is looking to pay a premium to NMC Health’s market price, two of the sources said. The stock is down about 30per cent year-to-date.Neither NMC Health nor KBBO, which is representing the group of Emirati investors, would comment directly on the bids.
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