Latest news with #SamirJFancy
Muscat Daily
20-05-2025
- Business
- Muscat Daily
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.
Zawya
20-05-2025
- Business
- Zawya
Tawoos in deal to acquire NMC's Omani healthcare unit
Tawoos Group, one of Oman's premier business groups, has announced that it has entered into a legally binding agreement with NMC Healthcare Group, a leading integrated private healthcare provider group in UAE, to acquire NMC Healthcare LLC Oman and Elegant Medical Center Oman (NMC Oman). Founded in 2016, NMC Oman comprises two hospitals, and six clinics and aesthetics centres. The transaction is subject to customary closing conditions and is expected to be completed within the next two months. Following completion, NMC will provide transitional support services over the coming months to ensure a smooth transition and continued excellent patient care. The financial terms of the transaction are not being disclosed. This acquisition is central to Tawoos Group's strategy to strengthen and expand the private healthcare sector in Oman, bolster services offered through premium healthcare facilities and further diversify their investment portfolio. Tawoos Group Chairman Samir J Fancy said the acquisition was much more than just securing assets; it was 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 working with private enterprises for the good of the Omani economy," he stated. Chief Investment Officer Sameer Ul Haque said: "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 is uniquely positioned to create durable value in Oman's healthcare sector." This transaction also aligns with the NMC Group's strategy to streamline its focus on its core multi-specialty healthcare services in the UAE, including the enhancement of existing facilities and strategic growth across Dubai and the Northern Emirates. In March 2025, the NMC Group opened a state-of-the-art paediatric medical centre in the densely populated Marina area of Dubai, with plans to open an additional three new facilities this year, including a new multi-specialty medical centre on the Palm Island in Dubai. NMC Healthcare CEO David Hadley, expressing delight at serving communities in Oman through its network of hospitals and medical facilities, said: "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, a leading, trusted, and well-established Omani business with a proven track record of fostering innovation and long-term growth - key drivers of quality healthcare delivery." "We look forward to working closely with Tawoos in the coming months to ensure continuity of care for patients and a smooth transition of ownership," stated Hadley. Tawoos is a family office established over 40 years ago and is among the premier business groups in Oman. The Group has a diversified portfolio of operating businesses in agriculture, power and telecommunications, energy, defense, hospitality and training sectors, and is continuously searching for investment opportunities in new sectors, including premium real estate development, global capital markets, and the private healthcare sector. The seller engaged Deloitte & Touche (M.E) & Co. LLC as financial advisor and Dentons & Co Oman Branch as legal counsel with respect to the transaction.- TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Mid East Info
19-05-2025
- Business
- Mid East Info
Tawoos Group announces its intention to acquire NMC Oman - Middle East Business News and Information
Tawoos Group ('Tawoos'), one of Oman's premier business groups, and NMC Healthcare Group ('NMC Group'), a leading integrated private healthcare provider group in the United Arab Emirates ('UAE'), announce that Tawoos has entered into a legally binding agreement to acquire NMC Healthcare LLC Oman and Elegant Medical Center Oman ('NMC Oman'). Founded in 2016, NMC Oman comprises two hospitals, and six clinics and aesthetics centres. The transaction is subject to customary closing conditions and is expected to be completed within the next two months. Following completion, NMC will provide transitional support services over the coming months to ensure a smooth transition and continued excellent patient care. The financial terms of the transaction are not being disclosed. This acquisition is central to Tawoos Group's strategy to strengthen and expand the private healthcare sector in Oman, bolster services offered through premium healthcare facilities and further diversify their investment portfolio. Samir J Fancy, Chairman, Tawoos Group, commented, '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 working with private enterprises for the good of the Omani economy.' Sameer Ul Haque, Chief Investment Officer, Tawoos, 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 is uniquely positioned to create durable value in Oman's healthcare sector.' This transaction also aligns with the NMC Group's strategy to streamline its focus on its core multi-specialty healthcare services in the UAE, including the enhancement of existing facilities and strategic growth across Dubai and the Northern Emirates. In March 2025, the NMC Group opened a state-of-the-art paediatric medical centre in the densely populated Marina area of Dubai, with plans to open an additional three new facilities this year, including a new multi-specialty medical centre on the Palm Island in Dubai. David Hadley, CEO of NMC Healthcare, stated: '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, 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 in the coming months to ensure continuity of care for patients and a smooth transition of ownership.' Tawoos is a family office established over 40 years ago and is among the premier business groups in Oman. The Group has a diversified portfolio of operating businesses in agriculture, power and telecommunications, energy, defense, hospitality and training sectors, and is continuously searching for investment opportunities in new sectors, including premium real estate development, global capital markets, and the private healthcare sector. The seller engaged Deloitte & Touche (M.E) & Co. LLC as financial advisor and Dentons & Co Oman Branch as legal counsel with respect to the transaction. About NMC Healthcare: The NMC Healthcare Group is one of the largest private healthcare networks in the United Arab Emirates. NMC's network is made up of 78 medical facilities, including JCI-accredited, multi-specialty hospitals, medical centres, community clinics, day surgery centres, home health services, and long-term care facilities. Its national network makes it the only healthcare group uniquely positioned to serve the three most populous Emirates of Abu Dhabi, Dubai and Sharjah, as well as the Northern Emirates of Ras Al Khaimah and Ajman. The NMC Healthcare Group includes the NMC, ProVita International Medical Centre, and CosmeSurge brands. It employs approximately 11,000 people and serves over 5.5 million patients every year. In April 2020, NMC Health PLC entered administration in the UK. NMC Healthcare LTD (formerly NMC Healthcare LLC), the group's UAE former parent company, and 34 of its operating companies subsequently entered into administration, ordered by the Abu Dhabi Global Market ('ADGM') court in September 2020. In March 2022, the 34 operating companies left administration following a formal restructuring process consented to by the ADGM courts. The restructured NMC Healthcare Group is owned by its admitted creditors (or third parties that have acquired admitted creditors' ownership rights) under new clean ADGM holding company known as NMC Holdco SPV LTD ('NMC Holdco') and a wholly owned subsidiary of NMC Holdco, NMC Opco LTD ('NMC Opco'). NMC Opco owns and operates 78 hospitals, specialty medical centres, clinics and long-term care facilities. NMC Healthcare LTD, the healthcare group's legacy parent company, remains in administration and does not operate, nor is affiliated with, any of the NMC Opco healthcare providers.
Trade Arabia
19-05-2025
- Business
- Trade Arabia
Tawoos in deal to acquire NMC's Omani healthcare unit
Tawoos Group, one of Oman's premier business groups, has announced that it has entered into a legally binding agreement with NMC Healthcare Group, a leading integrated private healthcare provider group in UAE, to acquire NMC Healthcare LLC Oman and Elegant Medical Center Oman (NMC Oman). Founded in 2016, NMC Oman comprises two hospitals, and six clinics and aesthetics centres. The transaction is subject to customary closing conditions and is expected to be completed within the next two months. Following completion, NMC will provide transitional support services over the coming months to ensure a smooth transition and continued excellent patient care. The financial terms of the transaction are not being disclosed. This acquisition is central to Tawoos Group's strategy to strengthen and expand the private healthcare sector in Oman, bolster services offered through premium healthcare facilities and further diversify their investment portfolio. Tawoos Group Chairman Samir J Fancy said the acquisition was much more than just securing assets; it was 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 working with private enterprises for the good of the Omani economy," he stated. Chief Investment Officer Sameer Ul Haque said: "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 is uniquely positioned to create durable value in Oman's healthcare sector." This transaction also aligns with the NMC Group's strategy to streamline its focus on its core multi-specialty healthcare services in the UAE, including the enhancement of existing facilities and strategic growth across Dubai and the Northern Emirates. In March 2025, the NMC Group opened a state-of-the-art paediatric medical centre in the densely populated Marina area of Dubai, with plans to open an additional three new facilities this year, including a new multi-specialty medical centre on the Palm Island in Dubai. NMC Healthcare CEO David Hadley, expressing delight at serving communities in Oman through its network of hospitals and medical facilities, said: "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, a leading, trusted, and well-established Omani business with a proven track record of fostering innovation and long-term growth - key drivers of quality healthcare delivery." "We look forward to working closely with Tawoos in the coming months to ensure continuity of care for patients and a smooth transition of ownership," stated Hadley. Tawoos is a family office established over 40 years ago and is among the premier business groups in Oman. The Group has a diversified portfolio of operating businesses in agriculture, power and telecommunications, energy, defense, hospitality and training sectors, and is continuously searching for investment opportunities in new sectors, including premium real estate development, global capital markets, and the private healthcare sector.
Zawya
19-05-2025
- Business
- Zawya
Tawoos Group announces its intention to acquire NMC Oman
Muscat, Oman – Tawoos Group ('Tawoos'), one of Oman's premier business groups, and NMC Healthcare Group ('NMC Group'), a leading integrated private healthcare provider group in the United Arab Emirates ('UAE'), announce that Tawoos has entered into a legally binding agreement to acquire NMC Healthcare LLC Oman and Elegant Medical Center Oman ('NMC Oman'). Founded in 2016, NMC Oman comprises two hospitals, and six clinics and aesthetics centres. The transaction is subject to customary closing conditions and is expected to be completed within the next two months. Following completion, NMC will provide transitional support services over the coming months to ensure a smooth transition and continued excellent patient care. The financial terms of the transaction are not being disclosed. This acquisition is central to Tawoos Group's strategy to strengthen and expand the private healthcare sector in Oman, bolster services offered through premium healthcare facilities and further diversify their investment portfolio. Samir J Fancy, Chairman, Tawoos Group, commented, '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 working with private enterprises for the good of the Omani economy.' Sameer Ul Haque, Chief Investment Officer, Tawoos, 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 is uniquely positioned to create durable value in Oman's healthcare sector.' This transaction also aligns with the NMC Group's strategy to streamline its focus on its core multi-specialty healthcare services in the UAE, including the enhancement of existing facilities and strategic growth across Dubai and the Northern Emirates. In March 2025, the NMC Group opened a state-of-the-art paediatric medical centre in the densely populated Marina area of Dubai, with plans to open an additional three new facilities this year, including a new multi-specialty medical centre on the Palm Island in Dubai. David Hadley, CEO of NMC Healthcare, stated: '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, 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 in the coming months to ensure continuity of care for patients and a smooth transition of ownership.' Tawoos is a family office established over 40 years ago and is among the premier business groups in Oman. The Group has a diversified portfolio of operating businesses in agriculture, power and telecommunications, energy, defense, hospitality and training sectors, and is continuously searching for investment opportunities in new sectors, including premium real estate development, global capital markets, and the private healthcare sector. The seller engaged Deloitte & Touche (M.E) & Co. LLC as financial advisor and Dentons & Co Oman Branch as legal counsel with respect to the transaction. About NMC Healthcare The NMC Healthcare Group is one of the largest private healthcare networks in the United Arab Emirates. NMC's network is made up of 78 medical facilities, including JCI-accredited, multi-specialty hospitals, medical centres, community clinics, day surgery centres, home health services, and long-term care facilities. Its national network makes it the only healthcare group uniquely positioned to serve the three most populous Emirates of Abu Dhabi, Dubai and Sharjah, as well as the Northern Emirates of Ras Al Khaimah and Ajman. The NMC Healthcare Group includes the NMC, ProVita International Medical Centre, and CosmeSurge brands. It employs approximately 11,000 people and serves over 5.5 million patients every year. In April 2020, NMC Health PLC entered administration in the UK. NMC Healthcare LTD (formerly NMC Healthcare LLC), the group's UAE former parent company, and 34 of its operating companies subsequently entered into administration, ordered by the Abu Dhabi Global Market ('ADGM') court in September 2020. In March 2022, the 34 operating companies left administration following a formal restructuring process consented to by the ADGM courts. The restructured NMC Healthcare Group is owned by its admitted creditors (or third parties that have acquired admitted creditors' ownership rights) under new clean ADGM holding company known as NMC Holdco SPV LTD ('NMC Holdco") and a wholly owned subsidiary of NMC Holdco, NMC Opco LTD ('NMC Opco'). NMC Opco owns and operates 78 hospitals, specialty medical centres, clinics and long-term care facilities. NMC Healthcare LTD, the healthcare group's legacy parent company, remains in administration and does not operate, nor is affiliated with, any of the NMC Opco healthcare providers.
