UAE - Mubasher: Abu Dhabi-based VPS Healthcare is studying an initial public offering (IPO) on the Abu Dhabi Securities Exchange (ADX), two sources told Reuters.
The hospital operator has sent a request to a number of banks to select roles to proceed with the IPO.
The sources confirmed that VPS Healthcare has not made any final decision regarding the initial share sale.
Recognised as an Industry Partner by the World Economic Forum (WEF), VPS owns 24 operational hospitals and more than 125 health centers across the Middle East, Europe, and India, according to the official website of VPS.
