International law firm Clyde & Co LLP has advised Gulf Healthcare International LLC (Gulf Healthcare), a major healthcare provider in the Middle East, and its owners on the re-structuring of Gulf Healthcare and on its ambitious expansion program in the UAE.

Corporate Partner and head of Clyde & Co’s regional practice, Jonathan Silver led a team comprising Senior Associate, Lee Keane, and Associates Munisha Khatwani and Shahbaz Khan that successfully advised Gulf Healthcare International LLC on the sale of shares and commercial interests in Gulf Healthcare by two shareholders for an aggregate consideration of AED 43m and on the injection of a further AED 100m of capital which included an investment of AED 44m by JP Morgan.

Jonathan Silver also led a second team comprising Lee Keane, and Associates Naji Hawayek and Noor El Shunnar that successfully concluded the AED66m acquisition of three existing medical practices, known as Dr. Joseph’s Clinics, in Dubai and Sharjah. The transaction included arrangements for Dr Joseph to retain a 20% stake in the Dr Josephs Clinics as well as franchising/branding arrangements.

Commenting on these transactions, Jonathan Silver said

“We are delighted to have been able to guide Gulf Healthcare successfully through these transactions and look forward to supporting Gulf Healthcare and contributing further to its successful and continuing expansion in the region.”

“The healthcare markets in the Middle East are going through a dynamic phase.  They have witnessed substantial growth over the past few years and have proven robust against the global economic downturn.  They remain attractive for many investors and private equity players both within the region and internationally.  With world-class healthcare systems identified as one of the UAE Government’s top three priorities in the 2011-2013 strategy, increasing investment in this area looks to remain a focus for future growth.”