Deals
Gulf Capital to Buy Middle East Clinics in $100 Million Deal
- Firm to buy fertility clinics from global leader IVIRMA
- IVIRMA Middle East has clinics in Abu Dhabi, Dubai and Muscat
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Gulf Capital PJSC is poised to buy three fertility clinics in the Middle East from IVIRMA Global in a deal worth about $100 million, underscoring growing interest in the region’s health-care sector.
The transaction will include about 100 of IVIRMA’s employees at the facilities in Abu Dhabi, Dubai and Muscat, the fertility company said in an emailed statement. The deal will be completed within “the next few days, although the final transition of some staff members will take place gradually throughout this year.”