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New Deal


Announced

CareTech to acquire Wellness Day Surgery from AS Group.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Health Care Facilities

Majority

United Arab Emirates

Pending

Friendly

Single Bidder

medical center

Cross Border

Private

Synopsis

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CareTech, a provider of support for people with complex and challenging behaviours associated with Autism, Learning Disabilities, Mental Health illness and neurological conditions, agreed to acquire Wellness Day Surgery, a multi-specialty private medical center that offers expert service in key areas of healthcare, from AS Group, a provider of mental health services. Financial terms were not disclosed. "This is an exciting next step development in our investment in the AS Group as CareTech's platform for growth in the UAE. Dmetco-Bayti and Wellness complement the existing brands of the AS Group and together offer a pathway of specialist health and social care services to an underserved market with favourable growth prospects," Farouq Sheikh, CareTech Executive Chairman.

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