Global law firm Clyde & Co has advised Aster DM Healthcare on its acquisition of a majority interest in Harley Street Medical Centre LLC and certain affiliated companies in Abu Dhabi.
Aster DM Healthcare, which started in 1987 in Dubai as a single medical centre, has now become a $6 billion healthcare conglomerate with over 300 facilities in the Middle East, India and Far East Asia.
The Harley Street Medical Centre is a day care surgery in Abu Dhabi which offers the highest standards of medical care in urology, plastic surgery, gynaecology, gastroenterology, orthopaedics, paediatrics, internal medicine and general surgery.
Clyde & Co advised Aster DM Healthcare on all aspects of the deal which involved the acquisition of interests in a medical centre, pharmacy, physiotherapy practice and dental centre.
Barton Hoggard, Corporate Partner at Clyde & Co, commented: "We are delighted to have assisted Aster DM Healthcare with the acquisition of Harley Street Medical Centre LLC which is a healthcare facility that is experiencing significant growth due to its top quality medical expertise and care. Aster DM Healthcare also has a hospital network that differentiates itself through the provision of the highest quality of care so the integration of Harley Street Medical Centre into the Aster DM Healthcare network should be seamless. The management team at Aster DM were a pleasure to work with and adept at managing this acquisition whilst at the same time preparing for the group's imminent IPO and attending to their day jobs."
According to Mergermarket, Clyde & Co was the leading legal adviser on M&A deals in the healthcare sector in MENA in FY16 by volume.
The Clyde & Co team was led by Barton Hoggard and supported by Rajiv Nawbatt, James Marriner and Sirena Chalhoub, all of whom are based in Dubai.
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