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AL Noor Hospitals expands in UAE

07 August 2015 13:12

Al Noor Hospitals Group has announced that consistent with its strategy to expand hospital operations in the UAE through the expansion of Al Ain Hospital, Khalifa Street Hospital and Airport Road Hospital, it has agreed to lease additional premises from Al Saqr, conditional on shareholders approval.

Ronald Lavater, its CEO, said: "The proposed Transaction is in line with the Board's strategy of investing and expanding in Al Noor's existing hospitals to take advantage of the long-term strength of the Abu Dhabi healthcare market.

"Abu Dhabi remains one of the fastest growing sectors in the Gulf region due to a rapidly ageing demographic, an increasing incidence of lifestyle-related medical conditions such as diabetes and obesity, and service gaps in the current healthcare market.

"By expanding each of our hospital's capacity, we will be positioned to deliver robust returns for shareholders."

At 1:12pm: (LON:ANH) Al Noor Hospitals Group PLC share price was -2p at 948p

Story provided by StockMarketWire.com

Related Company: ANH

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