Blue Ocean eyes full control of Fakih IVF: Private healthcare operator NMC Healthcare sealed a binding agreement to sell its 65% stake in Fakih IVF to the company’s only other shareholder, Dubai-based Blue Ocean Health, for an undisclosed sum, it said in a press release. The acquisition is expected to wrap up within the next two months, and will see Blue Ocean take full ownership of the company.

The rationale: “This strategic sale enables us to focus on expanding our comprehensive secondary and tertiary services and clinical facilities, including significant investments in Dubai and the Northern Emirates,” said NMC Healthcare CEO David Hadley.

NMC plans to launch four new medical facilities this year, including a new pediatric medical center in the Marina area of Dubai, along with a medical center in Palm Jumeirah, slated for opening this summer.

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