National Medical Care Company signed a non-binding memorandum of understanding to acquire Jiwar Medical Services Company from SmartMed for SAR 65 million.

National Medical Care Company JSC is a Saudi-Arabia based company engaged in the provision of medical services and the establishment, ownership, operation and management of hospitals and health care units and centers, as well as the wholesale and retail trade of drugs, medical equipment and supplies. The Company’s main activities include inpatient and surgeries, outpatient clinics, other medical sections, pharmacies, and general administration and pharmaceutical medical distribution. The Company manages two hospitals include Riyadh Care Hospital, which has a capacity of 340 beds and the National Hospital, which has a capacity of 124 beds. The Company’s hospitals provide services through its departments, including Surgery, Internal diseases, Pediatrics, Gynecology, Dental, Ambulance, Occupational Hazards and Inpatients Diseases, among others. The Company also has stake in Pharmaceutical & Medical Distribution Company.