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by Executive Editors September 7, 2012

written by Executive Editors September 7, 2012

> Economics & Policy Emirates Healthcare Buyout Dubai’s largest private hospital operator, Emirates Healthcare Holding Ltd. (EHL), has been acquired by South Africa-based Mediclinic International in a cash buyout valued at $223.6 million. Mediclinic assumed control of the 49.63 percent in EHL it did not already own by agreeing to pay $200 million for the 44.39 percent stake of United Arab Emirates-based Varkey Group and $23.6 million for the 5.24 percent stake of United States-based General Electric, at price per share equal to that paid to Varkey. EHL operates two hospitals and eight outpatient and walk-in clinics in Dubai, with the 210-bed City Hospital in Dubai Healthcare City as its flagship facility. Mediclinic assets include more than 50 hospitals in South Africa and Namibia and private hospital group Hirslanden in Switzerland with 14 hospitals. Varkey Group, which co-founded the Welcare predecessor venture of EHL in the United Arab Emirates in

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