DOCSLIB.ORG

ANH 2013 Interims

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
ANH 2013 Interims Tuesday 6 August 2013: FOR IMMEDIATE RELEASE Al Noor Hospitals Group Plc Results for the Six Months Ended 30 June 2013 First results as a public company in line with management expectations The Board continues to view the outlook with confidence London and Abu Dhabi: Al Noor Hospitals Group Plc (ANHA.L; the "Company" or "Al Noor"), the largest private healthcare service provider in Abu Dhabi, today announces its results for the six months ended 30 June 2013. Financial summary – All figures in US$ H1 2013 (US $) H1 2102 (US $) Change Revenue $179.5m $161.9m +10.9% Underlying Operating Profit (1) $37.7m $32.5m +15.9% Underlying EBITDA (1,2) $41.3m $37.0m +11.6% (1) before IPO costs (2) represents operating profit after adding back depreciation of $3.6m for H1 2013 and $4.5m for H1 2012 After listing on the London Stock Exchange in June, raising primary proceeds of US$150m, the company repaid all outstanding loans. Its net cash position of at the end of the period was US$88m. Operational highlights Outpatient volumes rose from 768,009 to 843,375, a 9.8% increase; Inpatient volumes increased by 18.7% from 17,280 to 20,516; Number of Revenue-Generating Doctors up by 45, a 12.9% increase; In H1, three new medical centres were commissioned at Mamura in Abu Dhabi, Sanaya in Al Ain and Muscat in the Sultanate of Oman, bringing the total number of centres to 10. 1 Dr. Kassem Alom, CEO, Al Noor Hospitals Group Plc said: “Following a successful listing, I am pleased to announce that our first results as a public company have shown strong growth. We operate in one of the fastest growing sectors in the Gulf region due to a rapidly ageing demographic, an increasing incidence of lifestyle-related medical conditions such as diabetes and obesity, and service gaps in the current healthcare market. Our growth strategy will continue to focus on meeting the strong demand driven by these three factors.” “Trading in the second half of the year has begun in line with management expectations. We remain on track to deliver strong growth through our physician hiring programme and the opening of two more Medical Centres. As a result, we are looking forward to the future with considerable confidence.” “I would like to take this opportunity to thank our new investors for placing their trust with us and for seeing our potential to drive shareholder value, and our founding investors for their continued support of the business.” “I would also like to thank our employees and my colleagues in management for their efforts in achieving a successful IPO and for laying the foundations for future growth.” Outlook Al Noor is performing in line with our expectations, and we are on track to achieve our objectives for 2013. We continue to pay special attention to physician recruitment and licensing, and we are on course to open two additional medical centres in the second half of the year. We operate in one of the fastest growing sectors in the Gulf region due to a rapidly ageing demographic, an increasing incidence of lifestyle-related medical conditions such as diabetes and obesity, and service gaps in the current healthcare market. Our growth strategy will continue to focus on meeting the strong demand driven by these three factors. The Board continues to view the outlook with confidence. Analyst and Investor Call There will be a call for analysts and investors today at 09:00am BST / 12:00 UAE, details of which are as follows: Dial-in number: +44 (0) 1452 555 566 Caller ID: 27293294# For further information, please contact: Al Noor Hospitals Group plc Dr Sami Alom +971 2 406 6992 Pramod Balakrishnan +971 2 406 6945 2 Brunswick Group Jon Coles / Craig Breheny +44 20 7404 5959 Rupert Young / Jeehan Balfaqaih +971 4 446 6270 Cautionary statement These Interim Results have been prepared solely to provide additional information to shareholders to assess the Group’s performance in relation to its operations and growth potential. These Interim Results should not be relied upon by any other party or for any other reason. Any forward looking statements made in this document are done so by the directors in good faith based on the information available to them up to the time of their approval of this report. However, such statements should be treated with caution due to the inherent uncertainties, including both economic and business risk factors, underlying any such forward- looking information. About Al Noor Al Noor Hospitals Group Plc provides primary, secondary and tertiary care in the Emirate of Abu Dhabi and the wider region through its portfolio of hospitals and medical centres. As of 30 June 2013, the company had 227 operational beds and 504 physicians, more than any other private competitor in Abu Dhabi. Al Noor was the first private hospital in Abu Dhabi City to obtain Joint Commission International (“JCI”) accreditation, and today all of its hospitals are accredited. The company is listed in on the London Stock Exchange (ticker: ANHA.L) For more information, please go to www.alnoorhospital.com. 3 CEO’s review Al Noor delivered a strong operational result for the first half of the year with revenues, operating profits and underlying EBITDA all seeing double digit year-on-year growth and EBITDA margins remaining steady at 23%. We continue to work hard on hiring and retaining our Physicians, who are essential to our success. During the first six months we added 45 Revenue-Generating Physicians and this has contributed to the rise in both Outpatient and Inpatient Volumes during the period. To deliver sustainable growth, we are working passionately on enhancing the quality of our services and improving the overall patient experience at our Hospitals and Medical Centres. At the Khalifa Hospital, as part of the growth plans we are looking to take up additional space in the existing building and enhancing the interiors of the premises to improve the patient experience. The Group has also commenced work on a phased implementation of SAP in conjunction with a leading systems integrator. This project is expected to run for the next 36 months with a phased implementation of various modules of SAP. During the first six months, three medical centres have been commissioned at Mamura in Abu Dhabi, Sanaya in Al Ain and Muscat in the Sultanate of Oman. We continue to make good progress on the two acquisition targets we disclosed in the prospectus and are confident of providing an update soon. We remain on track to deliver strong growth through our physician hiring programme and the opening of two more Medical Centres in the last quarter of 2013. Business Update Operating KPIs H1 2012 H1 2013 Change Outpatient Visits (1) 768,009 843,375 9.8% Average revenue per out-patient(US $) (2) 154 152 -1.3% Outpatient revenue (US $.m) (3) 122.6 133.9 9.2% In-patient admissions (1) 17,280 20,516 18.7% Average Revenue per in-patient (US $) (2) 2,280 2,225 -2.4% In-patient revenue (US $, m) 39.4 45.6 15.7% Total Revenue (US $,m) 161.9 179.5 10.9% Bed Occupancy Rate (4) 58% 68% 17.2% Average Length of Stay 1.77 1.74 -0.03 Physical KPIs H1 2012 H1 2013 Increase Avg. no of Operating Beds 226 227 1 Avg. no of Revenue Generating Doctors 328 371 43 Avg. no of Other support Doctors 82 97 15 Avg. no of Nursing Staff 645 749 104 4 Avg. no of other Medical Staff (5) 594 635 41 Avg. no of Admin Support Staff 1,650 1,592 -58 1 Excludes follow-up visits 2 Includes revenue from provision of medical and hospital services, laboratory, radiology and pharmacy services and excludes Proj, Commerical, and Other Misc. Income 3 Includes revenues from projects, Pharmacy, Commercial Division, and other Miscellaneous income. 4 Calculated by dividing the number of total in -patient nights by the number of bed days (number of days multiplied by number beds) available during the year. 5 Includes pharm acists, assistant pharmacists, technicians and other medical staff. Operating performance continued to improve, in line with our expectations. Revenue improved by 10.9% to $179.5m, Underlying EBITDA grew to $41.3m, representing an 11.7% increase on the same period last year, and Underlying EBITDA margin remained steady at 23.0%. FY2012 A H12012 A H12013 A Avg. No. of FTE Revenue-generating doctors 350 331 395 # growth since FY 2012A 45 % growth since FY 2012A 12.9% # growth since H1 2012A 64 % growth since H1 2012A 19.3% No. of Outpatient Encounters 1,505,518 768,009 843,375 % growth (since H1 2012A) 9.8% Inpatient / Outpatient encounters ( IP conversion ratio) 2.4% 2.2% 2.4% No. of In-patient Admissions 35,590 17,280 20,516 % growth (since H1 2012A) 18.7% Improved revenue was driven by higher outpatient and inpatient volumes, which were enabled by an increase in the number of revenue-generating physicians. We have been able to increase the number of physicians through significant improvements in recruiting and licensing processes. These improvements have also helped us recruit highly-trained physicians to offer new services to our patients. Underlying EBITDA margin remained steady, and we expect this trend to continue. In order to minimise interest costs, the entire debt on the balance sheet has been paid down, and the company had a cash balance of USD 88m at the end of H1. In addition, we have a committed USD81m working capital and acquisition revolver facility available for future use.
Load more

Recommended publications
  • Mediclinic Middle East and Al Noor Hospitals Group Investor Roadshow 14
    MEDICLINIC MIDDLE EAST INVESTOR SITE VISIT 14 - 16 JUNE 2016 DISCLAIMER This presentation has been prepared by Mediclinic International plc (the "Company"). No representation or warranty (express or implied) of any nature is given nor is any responsibility or liability of any kind accepted by the Company or any of its directors, officers, employees, advisers, representatives or other agents, with respect to the truthfulness, completeness or accuracy of any information, projection, representation or warranty (expressed or implied), omissions, errors or misstatements in this presentation, or any other written or oral statement provided. In particular, no responsibility or liability is or will be accepted and no representation or warranty is or is authorised to be given as to the accuracy, reliability or reasonableness of any forward looking statement including any future projections, management targets, estimates or assessments of future prospects contained in this presentation, or of any assumption or estimate on the basis of which they have been given (which may be subject to significant business, economic or competitive uncertainties and contingencies beyond the control of the management of the Company) . Any such forward-looking statements have not been independently audited, examined or otherwise reviewed or verified. All views expressed in this presentation are based on financial, economic, market and other conditions prevailing as of the date of this presentation. The Company does not undertake to provide access to any additional information or to update any future projections, management targets, estimates or assessment of future prospects or any other forward-looking statements to reflect events that occur or circumstances that arise after the date of this presentation, or to correct any inaccuracies in this presentation which may become apparent.
    [Show full text]
  • The U.A.E. Healthcare Sector an Update: January 2018
    The U.A.E. Healthcare Sector An Update: January 2018 The U.S.-U.A.E. Business Council is the premier business organization dedicated to advancing bilateral commercial relations. By leveraging its extensive networks in the U.S. and in the region, the U.S.-U.A.E. Business Council provides unparalleled access to senior decision makers in business and government with the aim of deepening bilateral trade and investment. U.S.-U.A.E. Business Council 505 Ninth Street, NW Suite 6010 Washington D.C. +202.863.7285 [email protected] usuaebusiness.org 1 INTRODUCTION The U.A.E.’s healthcare sector has dramatically expanded over the past four decades. At the time of the U.A.E.’s founding in 1971, the country had just seven hospitals and 12 health centers. As of 2015, according to the latest figures from the U.A.E. statistics authority, the U.A.E. had 126 public and private hospitals with a combined capacity of over 12,000 beds.1 U.S. companies and citizens have played an important role in this growth story, as best symbolized by the Oasis Hospital in Al Ain. In 1960, U.S. missionaries Drs. Pat and Marian Kennedy built this hospital – the U.A.E.’s first – in a mud-block guesthouse donated by the late U.A.E. President Sheikh Zayed bin Sultan Al Nahyan.2 Over the next 50 years, this hospital birthed more than 90,000 babies, including members of Abu Dhabi’s ruling family.3 Moreover, it retained strong connections with that family, which funded the hospital’s expansion earlier this decade.4 As the U.A.E.
    [Show full text]
  • Linklaters Provides You with Market Leading Practices, Strong Teams
    خدماتنا القانونية املعروضة Our legal services offering الرشق األوسط Middle East Linklaters provides you with market leading practices, strong teams focused on all the main legal areas and a regional geographical footprint within an international network. Linklaters is a leading global law firm with Linklaters’ offices in Dubai and Abu Linklaters is acknowledged as a market 29 offices in 19 countries and has more Dhabi act as a hub for the firm’s activities leader for corporate/M&A, capital markets, top ranked practices globally than its in the MENA region, and our team has banking, project finance, Islamic finance UK or U.S. headquartered competitors*. established itself as one of the few firms and international arbitration matters. Our global approach, commitment to in the region capable of advising on cross- The offices also have dedicated sector excellence and depth of experience border transactions. Our fully-integrated specialists in the energy, infrastructure, mean that we have built a strong track international network means that we petrochemicals, financial institutions, record of advising a range of government are able to draw on our market-leading financial sponsor and telecommunications organisations and privately-owned expertise across various offices, practices sectors. The firm’s track record includes businesses, acting on matters throughout and sector teams when required, while acting on some of the most significant and the region, including in the United Arab providing a seamless service to our innovative deals, as well as some of the Emirates, Saudi Arabia, Qatar, Kuwait, clients. Our clients instruct us on their most high profile disputes that the region Iraq, Iran, Bahrain, Oman, Jordan, most complex deals, whether it’s operating has seen in recent years.
    [Show full text]
  • IPO Prospectus
    IMPORTANT: You must read the following disclaimer before continuing. This electronic transmission applies to the attached document and you are therefore advised to read this disclaimer carefully before reading, accessing or making any other use of the attached document. In accessing the attached document, you agree to be bound by the following terms and conditions, including any modifications to them from time to time, each time you receive any information from us as a result of such access. You acknowledge that this electronic transmission and the delivery of the attached document is confidential and intended for you only and you agree you will not forward, reproduce or publish this electronic transmission or the attached document to any other person. This electronic transmission and the attached document comprises an advertisement for the purposes of paragraph 3.3.2R of the Prospectus Rules made under Part VI of the Financial Services and Markets Act 2000 (“FSMA”) and has been prepared solely in connection with the proposed application to the Financial Conduct Authority (the “FCA”) for all of the ordinary shares (the “Shares”) of Al Noor Hospitals Plc (to be renamed Al Noor Hospitals Group Plc) (the “Company”) to be admitted to the premium listing segment of the Official List maintained by the FCA and to the London Stock Exchange plc for the Shares to be admitted to trading on its main market for listed securities (“Admission”) and the proposed offer of Shares to certain institutional and professional investors (the “Offer”). The information in the attached document, which is in draft form, is subject to updating, completion, revision, verification and amendment.
    [Show full text]
  • Al Noor Hospitals Group Plc
    Tuesday 12 August 2014: FOR IMMEDIATE RELEASE Al Noor Hospitals Group Plc. Results for the Six Months Ended 30 June 2014 Good results and a confident outlook London and Abu Dhabi: Al Noor Hospitals Group Plc. (ANHA.L; the "Company" or "Al Noor"), the largest private healthcare service provider in Abu Dhabi, today announces its results for the six months ended 30th June, 2014. Financial summary – All figures in US$ H1 2014 (US $) H1 2013 (US $) Change Revenue $224.8m $179.5m +25.2% Underlying Operating Profit (1) $46.2m $37.7m +22.5% Underlying EBITDA (1,2) $51.7m $41.3m +25.2% EBITDA Margin 23.0% 23.0% 0% Net Cash Position $86.3m $88.0m -1.9% Profit Before Tax $45.6m $24.8m 83.9% Underlying Profit Before Tax $45.6m $34.1m 33.6% Proposed dividend GBP 3.7p per share - - (1) H1 2013 is before IPO costs (2) Represents operating profit after adding back depreciation of $5.5m for H1 2014 and $3.6m for H1 2013. Operational highlights . Outpatient volumes rose 19.7% compared with H1 2013. Inpatient volumes increased 1.2% compared with H1 2013; . Number of Revenue-Generating Doctors increased by 106, a 26.8% increase since H1 2013. Of these, 31 were added in the six months ended 30th June. In the first half of the year, three new medical centers were opened, bringing the total number of centers to 16. 1 Dr. Kassem Alom, CEO, Al Noor Hospitals Group Plc said: “I am pleased to announce that our 2014 first half results have shown further strong profitable growth.
    [Show full text]
  • Prospectus Relating to Mediclinic Combination
    NOTICE IMPORTANT: You must read the following before continuing. The following applies to the document following this notice, whether received by email or otherwise received as a result of electronic communication. You are advised to read this disclaimer carefully before reading, accessing or making any other use of the document. In accessing the document, you agree to be bound by the following terms and conditions, including any modifications to them, each time you receive any information as a result of such access. NOTHING IN THIS ELECTRONIC TRANSMISSION CONSTITUTES AN OFFER OF SECURITIES FOR SALE IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO DO SO. THE FOLLOWING DOCUMENT MAY NOT BE FORWARDED OR DISTRIBUTED TO ANY OTHER PERSON AND MAY NOT BE REPRODUCED IN ANY MANNER WHATSOEVER. ANY FORWARDING, DISTRIBUTION OR REPRODUCTION OF THIS DOCUMENT IN WHOLE OR IN PART IS UNAUTHORISED. FAILURE TO COMPLY WITH THIS DIRECTIVE MAY RESULT IN A VIOLATION OF THE U.S. SECURITIES ACT OF 1933 (THE ‘‘SECURITIES ACT’’) OR THE APPLICABLE LAWS OF OTHER JURISDICTIONS. This document does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States or any other jurisdiction where such offer or sale would be unlawful. The shares that may be received in the business combination described in the following document (the ‘‘Combination’’) have not been, and will not be, registered under the Securities Act, or with any securities regulatory authority of any state or other jurisdiction in the United States, and may only be offered or sold in reliance on the exemption from the registration requirements of the Securities Act provided by Rule 802 under the Securities Act.
    [Show full text]
  • Mediclinic International Limited (Incorporated in the Republic of South Africa) Registration Number 1983/010725/06 Share Code: MDC ISIN: ZAE000074142
    Mediclinic International Limited (Incorporated in the Republic of South Africa) Registration number 1983/010725/06 Share Code: MDC ISIN: ZAE000074142 Al Noor Hospitals Group Plc (Incoporated in England and Wales) Company Number 8338604 Share Code: ANH ISIN: GB00B8HX8Z88 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION. THE FOLLOWING ANNOUNCEMENT IS AN ADVERTISEMENT AND NOT A PROSPECTUS OR PROSPECTUS EQUIVALENT DOCUMENT AND INVESTORS SHOULD NOT MAKE ANY INVESTMENT DECISION IN RELATION TO AL NOOR SHARES EXCEPT ON THE BASIS OF THE INFORMATION IN THE AL NOOR CIRCULAR AND PROSPECTUSES, AND THE MEDICLINIC CIRCULAR, THAT ARE PROPOSED TO BE PUBLISHED IN DUE COURSE. 14 October 2015 RECOMMENDED COMBINATION OF AL NOOR HOSPITALS GROUP PLC ("Al Noor") and MEDICLINIC INTERNATIONAL LIMITED ("Mediclinic") Further to the announcements made by Al Noor and Mediclinic on 5 October 2015 and 6 October 2015 respectively, in relation to their discussions regarding a possible combination of the two companies, the board of Al Noor and the independent board of Mediclinic are pleased to announce that they have reached agreement on the terms of a recommended combination of their respective businesses (the "Combination"). KEY HIGHLIGHTS - Creation of a leading international private healthcare group with deep operational expertise and a well-balanced geographic profile in Southern Africa, Switzerland and the United Arab Emirates ("UAE"), as well as exposure to the UK market through a minority stake in Spire Healthcare Group plc. - Al Noor, as enlarged by the acquisition of Mediclinic (the "Enlarged Group"), will on a revenue basis be the third largest private healthcare provider in South Africa, the largest in the UAE and the largest private medical network in Switzerland.
    [Show full text]
  • MENA Healthcare No Better Time to Be Overweight
    MENA Healthcare No Better Time to be Overweight MENA Healthcare Sector Report | 18 September, 2013 Sector Coverage September 18 2 0 1 3 Mohammad Kamal [email protected] +9714 507 1743 Dahlia Sabaayon, CFA Arqaam Capital Research Offshore s.a.l MENA Healthcare Summary of recommendations No better time to be overweight Bloomberg code MOUWASAT AB Lifestyle-related diseases are highly prevalent in MENA, and particularly in Company name Al Mouwasat Medical Services Company KSA and the UAE: sedentary lifestyles and poor dietary habits linked to Price target SAR 103 diabetes, cardiovascular diseases, and cancer have rendered KSA and UAE Rating 30% upside, Buy exposed to elevated incidence rates of key diseases. As a general data point, the obesity rate among Saudi adults, according to the WHO, is 3x the global Bloomberg code DALLAH AB rate, on par with the US (36%) and ahead of MENA (<30%). The UAE faces a Company name Dallah Healthcare Holding Company similar situation, with 36% of the population classified as obese. Perhaps Price target SAR 88 most striking is the incidence of diabetes among young (<39) residents in Rating 40% upside, Buy KSA, which stands at >2x the US rate at 32% of the overall diabetic population (14% US). Bloomberg code NMC LN Company name NMC Health Chronic underinvestment and over-expenditure: The KSA bed/1,000 ratio Price target GBp 440 of 2.2 (1.7 beds provided by the government, 0.5 by the private sector) is Rating 40% upside, Buy below the global average of 3.0, and far below the average of 5.5 in developed countries.
    [Show full text]
  • Al Noor Hospitals Group Plc
    Tuesday 25 August 2015: FOR IMMEDIATE RELEASE Al Noor Hospitals Group Plc Results for the Six Months Ended 30 June 2015 Improved revenue driven by higher outpatient volumes Continued investment in hospital and medical centre network London and Abu Dhabi: Al Noor Hospitals Group Plc. (ANHA.L; the "Company", “Group” or "Al Noor"), the largest private healthcare service provider in Abu Dhabi, today announces its results for the six months ended 30th June, 2015. Financial summary (all figures in US$) H1 2015 H1 2014 Change Revenue $244.0m $224.8m +8.5% Underlying EBITDA(1,2) $53.9m $51.7m +4.3% Underlying Operating Profit $45.6m $46.2m -1.3% Net Profit $44.9m $45.6m -1.6% Underlying Net Profit(1) $45.4m $45.6m -0.5% Interim dividend (GBP) 4.1p per share 3.7p per share +10.8% Net Cash Position(3) $91.0m $86.3m +5.4% (1) Underlying EBITDA and Underlying Net Profit exclude certain exceptional transaction related costs (2) Represents operating profit after adding back depreciation and amortization of $8.2 m for H1 2015 and $5.5 m for H1 2014. (3) Represents short term deposits and cash and cash equivalents. Overview . Strong volume growth in outpatient and inpatient business, up by 13% and 7% respectively . Overall, the Group’s network of hospitals and medical centres performed well, although profitability in the period was impacted by continuing disruption from the refurbishment programme at Khalifa Street Hospital and the impact of new competition . Net profit decreased due to higher depreciation costs arising from our focused plan of investment in growth initiatives .
    [Show full text]
  • Mediclinic Annu Al Repor T and Financial S T A
    for the year ended 31 March 2016 ended 31 March the year for ANNUAL REPORT ANNUAL AND FINANCIAL STATEMENTS MEDICLINIC ANNUAL REPORT AND FINANCIAL STATEMENTS 2016 CONTENTS 1 Report Profile STRATEGIC REPORT 2 Highlights 3 At a Glance 6 Chairman’s Statement 8 Chief Executive Officer’s Review 11 About the Al Noor Combination 12 Five-year Summary 13 Investment Case 14 Business Model 16 Market Overview 18 Our Strategy, Progress and Aims 22 Key Performance Indicators 24 Risk Management, Principal Risks and Uncertainties 30 Clinical Services Overview 34 Divisional Review - Southern Africa 38 Divisional Review - Switzerland This Annual Report is published as part of a set of reports, all of which are available on the Company’s website at 42 Divisional Review - UAE www.mediclinic.com. The icons next to each of the following reports are used as a cross-referencing tool to refer to the 46 Sustainable Development Highlights relevant pages of these reports or within this report. 55 Financial Review Annual Report and Financial Statements 2016 GOVERNANCE AND REMUNERATION AR 60 Board of Directors Clinical Services Report 2016 CSR 62 Senior Management Sustainable Development Report 2016 SDR 63 Chairman’s Introduction Notice of Annual General Meeting 2016 64 Corporate Governance Statement AGM 74 Remuneration Report These reports were approved by the Company’s Board on 25 May 2016 and will be available on the Company’s website 100 Nomination Committee Report from the date of distribution of the Company’s Notice of Annual General Meeting by no later than 21 June 2016. 104 Clinical Performance and Sustainability Committee Report 107 Audit and Risk Committee Report GLOSSARY Please refer to the glossary of terms used in this report on 116 Directors’ Report pages 223 to 224.
    [Show full text]
  • Not for Release, Publication Or Distribution, in Whole
    NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION. THE FOLLOWING ANNOUNCEMENT IS AN ADVERTISEMENT AND NOT A PROSPECTUS OR PROSPECTUS EQUIVALENT DOCUMENT AND INVESTORS SHOULD NOT MAKE ANY INVESTMENT DECISION IN RELATION TO AL NOOR SHARES EXCEPT ON THE BASIS OF THE INFORMATION IN THE AL NOOR CIRCULAR AND PROSPECTUS THAT ARE BOTH PUBLISHED TODAY. 19 November 2015 Al Noor Hospitals Group Plc (the "Company" or "Al Noor") Publication of Prospectus, Circular and Notice of General Meeting and Trading Update The Company announces that the Circular to shareholders including a notice of general meeting relating to the proposed combination of Al Noor and Mediclinic International Limited (the “Combination”) have today been posted to shareholders and the Prospectus relating to the application for listing of shares to the premium segment of the Official List of the UKLA and to trading on the London Stock Exchange’s main market for listed securities have been published, and will shortly be available for download on Al Noor's website (www.alnoorhospital.com/investors). The general Meeting of Al Noor will be held at the offices of Linklaters LLP, at One Silk Street, London, EC2Y 8HQ on 15 December 2015 at 9:00 a.m. A copy of the Prospectus and the Circular have been submitted to the National Storage Mechanism and will shortly be available for inspection at www.hemscott.com/nsm.do. Expected Timetable of Principal Events The table below sets out the expected timetable of some of the principal events relating to the transaction.
    [Show full text]
  • Private Equity and Health Care in Emerging Markets OCTOBER 2016
    SPECIAL REPORT: Private Equity and Health Care in Emerging Markets OCTOBER 2016 SPECIAL REPORT: Private Equity and Health Care in Emerging Markets 1 About EMPEA EMPEA’s Board of Directors Robert Petty (Chairman) EMPEA is the global industry association for private capital in Managing Partner & Co-Founder, emerging markets. We are an independent non-profit organization Clearwater Capital Partners with over 300 member firms, comprising institutional investors, fund Teresa Barger (Vice Chair) Senior Managing Director, Cartica Management, LLC managers and industry advisors, who together manage more than US$1 trillion of assets and have offices in more than 100 countries Rebecca Xu (Vice Chair) Co-Founder & Managing Director, across the globe. Our members share EMPEA’s belief that private Asia Alternatives Management LLC capital is a highly suited investment strategy in emerging markets, Runa Alam delivering attractive long-term investment returns and promoting Co-Founding Partner & CEO, Development Partners International the sustainable growth of companies and economies. We support Thomas C. Barry our members through global authoritative intelligence, conferences, President & Chief Executive Officer, Zephyr Management, L.P. networking, education and advocacy. Fernando Borges Managing Director & Co-Head of South America Buyout Group, Project Team The Carlyle Group Brady Jewett (lead), Senior Research Analyst Paul Fletcher Jeff Schlapinski, Director, Research Chairman, Actis Luke Moderhack, Senior Research Analyst Rashad Kaldany Rae Winborn, Senior Research Analyst Executive Vice-President, Emerging Markets, Caisse de dépôt et placement du Québec (CDPQ) Isabelle Diop, Research Analyst Mark Kenderdine-Davies Kevin Horvath, Research Analyst General Counsel, CDC Group plc Executive Editor Maria C. Kozloski Chief Investment Officer, International Finance Corporation (IFC) Robert W.
    [Show full text]