TLC Holdings wins $150m bid for assets of US healthcare group

July 2004
Middle East;Jul2004, Issue 347, p41
The First Islamic Investment Bank has announced that its affiliate company TLC Holdings has won a $150m bid for the assets of top U.S. healthcare group Tender Loving Care. The deal, carried out through First Islamic's wholly-owned U.S. subsidiary, Crescent Capital, is expected to be closed within the next few months. TLC is ideally positioned to capitalise on several of the dominant trends in the U.S., namely an ageing population and an increasing focus on health and well-being.


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