GLOBAL healthcare operator NMC Health has expanded its fertility services into the UKafter acquiring one of the country’s biggest private hospital providers.
Shares rose by as much as five per cent in trading yesterday after the UAE-focused company announced details of its further expansion into Europe and Africa and its half-year results showed profits had risen 19 per cent to $116.7m (£91.4m).
The company said it had acquired Aspen Healthcare from Tenet Healthcare for £10m.
Aspen operates nine facilities across the UK, including four hospitals – three of which, Parkside Hospital, The Holly Private Hospital and Highgate Hospital, are in Greater London.
NMC said the acquisition would provide a cost-effective means of introducing its IVF fertility services to the UK.
It has also expanded its fertility services into Sweden and Latvia – opening new IVF clinics – and added a fourth continent to its global reach by launching a clinic in Kenya.
Chief executive, Prasanth Manghat, said the acquisition and expansions were part of a new strategy set out in December and had a positive outlook for the rest of the year.
He said: “Despite the passage of a relatively short time period since outlining the enhanced strategy, we have made substantial progress across all facets.
“We continue to expand into new geographies.”
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