$150M Buyout of Mayo Clinic’s Ownership of Abu Dhabi Health Center Is Complete

The $150 million buyout of Mayo Clinic’s stake in its first hospital outside of the U.S. is complete, leaving the Sheikh Shakhbout Medical City under local Abu Dhabi control. State-owned SEHA, under the umbrella of PureHealth Holding, filed documents on Jan. 29 announcing its planned purchase of Mayo Clinic’s 25,000 shares, or 25% stake, in the Sheikh Shakhbout Medical City in the United Arab Emirates in an early buyout of a planned 20-year collaboration. PureHealth announced in early March that the transition at the 741-bed hospital, which PureHealth valued at $600 million, was complete.

Read the full article: $150M Buyout of Mayo Clinic’s Ownership of Abu Dhabi Health Center Is Complete //

Source: https://www.postbulletin.com/business/150-million-buyout-of-mayo-clinics-ownership-of-abu-dhabi-health-center-is-complete

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