NMC Healthcare to Divest 65% Stake in Fakih IVF to Blue Ocean
Deal News | Feb 07, 2025 | Zawya
NMC Healthcare, a prominent integrated private healthcare provider in the UAE, has announced its plan to sell its 65% stake in Fakih IVF to Blue Ocean Health Group. This strategic divestment aligns with NMC's objective to reinvest in its core multi-specialty services, with proceeds earmarked for expanding facilities across Dubai and the Northern Emirates. Blue Ocean's acquisition of Fakih IVF, a leader in fertility services, positions them for intensified presence and growth in the fertility sector in the GCC. Both organizations express gratitude for their partnership, with NMC focusing on its extensive secondary and tertiary services, while Blue Ocean plans to enhance Fakih IVF's offerings, expand regional reach, and advance fertility treatment technologies.
Sectors
- Healthcare
- Private Equity & Mergers and Acquisitions
Geography
- United Arab Emirates – The primary geographical focus of the article as both NMC Healthcare and Fakih IVF operate extensively across the UAE.
- GCC Region – The article mentions Fakih IVF's leading role in fertility services across the Gulf Cooperation Council region.
Industry
- Healthcare – The article involves NMC Healthcare and Fakih IVF, both operating within the healthcare sector, providing services ranging from general medical care to specialized fertility treatments.
- Private Equity & Mergers and Acquisitions – The transaction between NMC Healthcare and Blue Ocean Health Group is an example of an acquisition within this sector.
Financials
- Not Disclosed – The financial terms of the transaction between NMC Healthcare and Blue Ocean Health Group.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| NMC Healthcare | Selling Company | Company | A leading integrated private healthcare provider in the UAE, divesting its stake in Fakih IVF. |
| Fakih IVF Fertility Centre | Target Company | Company | A market leader in fertility services in the GCC region. |
| Blue Ocean Health Group | Bidding Company | Company | The company acquiring the 65% stake in Fakih IVF, planning to expand services and regional presence. |
| David Hadley | CEO of NMC Healthcare | Person | Provides insights on NMC's strategic focus post-divestment. |
| Dr. Michael Fakih | Executive Chairman of Blue Ocean Health, Founder, Chairman, and Medical Director of Fakih IVF | Person | Highlights the strategic benefits of the acquisition for Fakih IVF under Blue Ocean. |