First Islamic Affiliate to Bid for TLC - UAE Khaleej Times - 04/05/2004 DUBAI - First Islamic Investment Bank E.C. has announced its affiliate, TLC Holdings I Corp, has been selected as the winning bidder for the assets of Tender Loving Care Health Care Services, Inc. TLC Holdings has signed a definitive purchase agreement to acquire TLC's assets. The financial closing is expected to take place within the next few months. The total value of the transaction is expected to be in excess of $150 million, including the assumption of certain liabilities at closing. TLC is the second largest provider...
