Elaj reportedly acquires 15% stake in International Eye Hospital

M&A WATCH- Saudi’s Elaj Group is on a tear. Fresh off its acquisition of 74% of clinical laboratory group Cairo Labs, the group has reportedly acquired a 15% stake in the International Eye Hospital, buying out a group of doctors’ stakes in the facility, sources tell Al Borsa. The value of the purchase was not disclosed, and the hospital’s chairman refused to confirm or deny the news. The Saudi group is reportedly looking to purchase two more hospitals and several medical laboratories in the coming period.