news
January 6, 2016
Capital Investments Acts As An Exclusive Financial Advisor On Sale Of Controlling Stake in Istishari Hospital

OVERVIEW OF TRANSACTION

In December 2015/ January 2016, a group of investors representing approximately 60% of the share capital of the Consultant & Investment Co. Ltd. (the “Istishari Hospital” or the “Hospital”) sold their shares to a group of new investors. Istishari Hospital is a Jordan-based public shareholding company with a paid up capital of JOD 22 million, operating a renowned general hospital with around 111 beds, equipped with state of the art equipment and providing high level medical care. The Hospital is accredited by the Joint Commission International (“JCI”) organization.

SIGNIFICANCE OF TRANSACTION

Transaction achieved the strategic objectives of the Hospital’s two largest shareholders (Capital Bank of Jordan and Bank of Jordan) of divesting non-core assets. The new control shareholder group allows the opportunity to turnaround the operations and bring the Hospital to sustained profitability profitability.

CAPITAL INVESTMENTS’ ROLE

Capital Investments served as the exclusive financial advisor to the controlling shareholders in the sale.