National Medical Care Company (Care) has signed a share purchase agreement with Saudi Medical Care Group to acquire its 100% stake in Jeddah-headquartered Chronic Care Specialized Medical Hospital for 193.21 million Saudi riyals ($51.51 million).
The purchase price will be paid in cash using internal resources and bank loans, the hospital operator said in a statement to the Saudi stock exchange on Sunday.
The deal is subject to fulfilment of several conditions, including regulatory and shareholders’ approvals.
Chronic Care provides services, such as comprehensive medical care, long-term…
