A healthcare roll-up in Saudi Arabia, built by acquiring small hospitals and polyclinics to operate, grow and eventually divest, needed sell-side investment advice. We valued the business, built the investment case and prepared the documentation that supported a successful fundraise.
- Location
- Saudi Arabia
- Sector
- Healthcare
The Brief
We were engaged to provide sell-side investment advisory for a roll-up, in which multiple small hospitals and polyclinics would be acquired, financed and operated, then divested once their value had been enhanced.
The scope covered financial due diligence, business performance analysis and a fair value analysis for the acquisition.
The Obstacle
Management's expectations and assumptions were out of step with what the market would support, and needed to be realigned with market expectations.
The business potential and related returns also had to be conveyed clearly to the potential buyer, which called for detailed due diligence reports and investor decks.
Our Approach
We carried out financial due diligence and a business performance analysis, using the findings to bring management's assumptions in line with market expectations.
A fair value analysis for the acquisition then fed into a valuation model and a draft investment plan, giving the business a credible, market-based case to present to investors.
What We Delivered
The analysis and documentation needed to support an informed investment decision.
- A valuation model to determine the facility's fair value, with a draft investment plan built on it.
- A due diligence report and investor decks setting out the business potential and related returns for the potential buyer.
Our Impact
The advisory services supported fundraising by validating the acquisition case and valuation.