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UAE's NMC Health buys Sharjah hospital for $560 mln - exec

Reuters - UK Focus

ABU DHABI, Dec 14 (Reuters) - United Arab Emirates-based healthcare provider NMC Health (LSE: NMC.L - news) is buying Al Zahra Hospital in Sharjah for $560 million, NMC (Brussels: BE0035966762.BR - news) 's deputy chief executive told Reuters on Wednesday.

The deal has been finalised and the takeover of the privately owned Sharjah-based hospital will be in the first quarter of 2017, Prasanth Manghat said.

(Reporting by Stanley Carvalho, editing by Tom Arnold)