TVM Capital Healthcare Partners to Exit ProVita International Medical Center (MENA)

Source: TVM Capital Healthcare Partners

TVM Capital Healthcare Partners, a private equity company focused on the Middle East, North Africa and India, Saudi Arabia-based conglomerate The Olayan Group, family office Al Zarooni Emirates Investment and other minority shareholders have agreed to sell their 100 percent stake in ProVita International Medical Center, a United Arab Emirates-based healthcare provider specializing in artificial ventilation. The stake will be purchased by NMC Healthcare, a United Arab Emirates-based healthcare company, for an equity consideration of US$160.6 million. The transaction will be structured through TVM Healthcare MENA I, and is scheduled to be completed by the third quarter of 2015.