Private medical center network Medica Excel to buy 5th medical center
Categories: Corporate and M&A
Medica Excel, a private medical center network, is set to acquire Raphael Hospital in Ramat HaHayal, Tel Aviv, which will become its fifth medical center.
Simultaneously, Leumit Health Care Services will acquire a 20% stake in Medica Excel, based on an equity valuation of NIS 800 million, according to media reports.
The transaction is currently pending approval from the Ministry of Health and the Competition Authority.
FBC & Co. advised Medica Excel, with the transaction led by partners Samson Albeck and Michal Nissani, together with economist Udi Fogel, and associates Tomer Zelivansky and Hagar Sasson.
