NMC Healthcare plans medical facilities across Saudi Arabia


At its inception, the proposed joint venture (JV) will become one of the largest private healthcare providers in the kingdom, with a combined capacity of 1,489 beds, 664 of which will be in five NMC facilities and 825 in two National Medical Care facilities. The JV will eventually have a network with a capacity of 3,000 beds.

"We identified the kingdom of Saudi Arabia as a key strategic priority for NMC and the proposed partnership between NMC and Hassana would offer a tremendous opportunity for both companies to better serve the KSA healthcare market," said NMC CEO Prasanth Manghat.

Manghat added that "the Saudi government’s forward-looking and investor-friendly policies make the kingdom one of the most attractive destinations in the region for investment in the healthcare sector."

Hassana CEO Saad bin Abdulmohsin Alfadly remarked that the proposed JV "has ambitious growth plans across different healthcare sub-sectors."

"Hassana’s strong commitment to the sector, particularly in the form of strategic investments, remains a vital means of attracting and developing healthcare expertise in the country," he added.

The formation of the JV is subject to regulatory approvals and signing of definitive agreements after completion of necessary due diligence by both NMC and Hassana, the companies said in a statement.



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