Sources familiar with the matter told Bloomberg that PureHealth is no longer considering the acquisition of NMC Healthcare.
According to the sources, PureHealth, which is owned by the sovereign wealth fund ADQ, withdrew from the deal due to disagreements over the company's valuation.
It is worth noting that NMC was previously listed on the London Stock Exchange but collapsed in 2019 after undisclosed debts exceeding $4 billion were revealed.
Since then, the company has been primarily owned by its creditors, including Abu Dhabi Commercial Bank, which holds a significant stake in it.
