The Abraaj Group Exits Filipino Medical Hospital Daniel O. Mercado Medical Center (Asia)
Source: The Abraaj Group
Global growth markets investor The Abraaj Group has announced a full exit from its investment in Philippines-based tertiary medical hospital Daniel O. Mercado Medical Center (DMMC) through a buy back arrangement with the Mercado family. The Abraaj Group originally invested in DMMC in September 2010 alongside the Mercado family. DMMC used the financing to expand its market reach, service offering and patient numbers. Financial details of the transaction were not disclosed.