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  5. The Abraaj Group Acquires Daniel O Mercado Medical Center

M&A Deal Summary

The Abraaj Group Acquires Daniel O Mercado Medical Center

On September 1, 2010, asset manager The Abraaj Group acquired healthcare services company Daniel O Mercado Medical Center

Acquisition Highlights
  • This is The Abraaj Group’s 7th transaction in the Healthcare Services sector.
  • This is The Abraaj Group’s 2nd transaction in Philippines.

M&A Deal Summary
Date 2010-09-01
Target Daniel O Mercado Medical Center
Sector Healthcare Services
Buyer(s) The Abraaj Group
Deal Type Buyout (LBO, MBO, MBI)

Target

Daniel O Mercado Medical Center

Tanauan, Philippines
The Daniel O. Mercado Medical Center (DMMC) is a professionally managed medical institution in Tanauan, Batangas. It has 185 member physicians spanning 17 specializations and 35 subspecialties, and is accredited as a Tertiary Level 4 hospital and PhilHealth Center of Excellence. The DMMC Institute of Health Sciences offers courses such as nursing, physical therapy and occupational therapy. In 2009, it won a 25-year ‘build-operate-transfer’ contract to construct and run a clinic at the Philippine General Hospital.

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Buyer(S) 1

Buyer

The Abraaj Group

Dubai, United Arab Emirates
Category Asset Manager
Founded 2002
PE ASSETS 7.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Abraaj Capital Limited is a private equity firm that seeks investments in the Middle East, North Africa, and South Asia. Abraaj looks for stable, mature businesses and uses a 'buy and build' strategy for growth. Areas of interest include aerospace, healthcare, transportation, financial services, leisure, education, energy, and manufacturing. In addition to its buyout and growth capital investments, Abraaj also invests in real estate and infrastructure. Abraaj Capital was formed in 2002 and is based in Dubai.

DEAL STATS #
Overall 97 of 182
Sector: Healthcare Services M&A 7 of 24
Type: Buyout (LBO, MBO, MBI) M&A Deals 89 of 144
Country: Philippines M&A 2 of 3
Year: 2010 M&A 13 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-01 HFC Bank Ghana

Cantonments, Accra, Ghana

HFC Bank began in 1991 as Home Finance Company, Ghana’s first mortgage financing institution. In 2003, it obtained a universal banking license, leveraging success in the mortgage industry into investment banking, real estate development and management, brokerage services and microfinance. The Abraaj Group’s investment in HFC, which has been listed on the Ghana Stock Exchange since 1995, is helping to bolster the bank’s capital base and fund HFC’s branch and service expansion plan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-01 BSR Super Speciality Hospitals

Chattisgarh, India

The Bhilai Scan and Research (BSR) group is a healthcare services chain operating primarily in emerging regions across central India. At the time of investment, BSR operations included: a 175-bed tertiary care super speciality hospital; a 50-bed comprehensive cancer care hospital; and six imaging diagnostic centers. The Abraaj Group invested US$ 9.3 million in BSR to fund the company’s growth plans. These include expansion of the cancer super speciality hospital and the establishment of 16 new imaging diagnostic centers across cities in central and east India and a 50-bed secondary care hospital.

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