Tawoos Group acquires NMC Oman
Muscat – Tawoos Group, one of Oman's premier business groups, and NMC Healthcare Group, a leading integrated private healthcare provider headquartered in the UAE, have announced that Tawoos Group has entered into a binding agreement to acquire NMC Healthcare LLC Oman and Elegant Medical Center man (NMC Oman). This agreement marks a significant milestone in Tawoos Group's strategic entry into Oman's private healthcare sector.
This complex, multiple asset acquisition from NMC Group comprises two hospitals and six clinics/aesthetics centres. This landmark transaction both secures the future of these healthcare institutions and highlights the effectiveness of public-private collaboration.
By consolidating these assets under a trusted Omani brand, Tawoos Group aims to create a resilient and sustainable ecosystem focused on patient care, job creation and operational excellence.
In a press release, Samir J Fancy, Chairman of Tawoos Group, said, 'The acquisition is much more than just securing assets; it is about ensuring continuity of care, upskilling and creating a strong local healthcare brand that benefits Oman. This is just the first step of a journey that will become a larger platform for private healthcare that is affordable yet best in class. This has been a classic case of the public sector partnering with private enterprises for the good of the Omani economy.'
Sameer Ul Haque, Chief Investment Officer, Tawoos Group, added, 'The acquisition of NMC Oman marks a strategic entry into a sector with strong fundamentals and national importance. With deep local insights, a long-term investment horizon and experience in managing regulated businesses, Tawoos Group is uniquely positioned to create durable value in Oman's healthcare sector.'
David Hadley, CEO of NMC Healthcare, said, 'NMC has been proud to serve communities in Oman through our network of hospitals and medical facilities. At a time when we are strategically focusing on our core operations and planned investments in the UAE, we welcome the acquisition of NMC Oman by Tawoos Group, a leading, trusted, and well-established Omani business with a proven track record of fostering innovation and long-term growth – key drivers of high-quality healthcare delivery. We look forward to working closely with Tawoos Group in the coming months to ensure continuity of care for patients and a smooth transition of ownership.'
With diversified business interests across various sectors over the past four decades, the Tawoos Group has been recognised for its unwavering commitment to excellence, in-country value creation (ICV) and continuous efforts to support the sultanate's broader economic development in line with Oman Vision 2040.
Tawoos Group engaged Addleshaw Goddard as legal counsel and KPMG as financial advisor with respect to the transaction.
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