Hourani advises SmartMed on sale of Jiwar Medical Services to National Medical Care Company

Hourani & Partners advised SmartMed Investment Company (SmartMed) on the sale of Jiwar Medical Services LLC to National Medical Care Company (CARE) for SAR 65m.

Smartmed, based in Riyadh, offers a unique home health care services and has a focus on improving the primary healthcare system in the Kingdom of Saudi Arabia. Its holding, Jiwar Medical Services is a distinguished 66 bed healthcare facility located in Makkah with direct access to Al Haram. CARE is a diversified healthcare group which is publicly traded on the Saudi stock exchange (Tadawal).

The transaction was led by Partner, Edoardo Betto* with support from attorneys Khalid Alhamdan*, Mohammed Zarei*, Mine Sekmen, Carter Paret*, and Sophia Niazi.
 
*Member of ZH Partner – Relationship firm in Saudi Arabia