Manama, November 15 (BNA): GFH Financial Group (“GFH” or the “Group”) announced its acquisition of 60% of the leading multidisciplinary healthcare provider in the United Arab Emirates, a multidisciplinary company. Healthcare Holdings Limited. “The Company” or “MSH”), valued at more than $100 million.
The company is the only diversified and multi-specialty healthcare chain in Abu Dhabi and Al Ain and is one of the few in the UAE with 19 healthcare clinics along with 2 pharmacies spread across Al Ain, Abu Dhabi, Sharjah and Dubai.
MSH focuses on diverse and rapidly growing segments of the healthcare industry including: dental centers, beauty care (cosmetic and dermatology) centers, dental laboratories, primary medical centers, women’s care centers, pediatric outpatient rehabilitation centers. It operates a unique business model where its clinics are well designed and positioned close to its multidisciplinary centers, which are complemented by secondary clinics, offering a limited range of services, and directing patients who need more intensive care to primary treatment. axes. The investment also features the company’s experienced management team in all key functions and most importantly through a dedicated team of physicians and paramedical staff, who provide the highest quality of care.
The investment will be managed by Healian, the healthcare arm of GFH, a regional platform focused on investing in high-quality assets that deliver affordable healthcare in the non-penetrative sectors of the sector. Through Healian, GFH envisages building more of its portfolio of regional healthcare providers. Healian’s strategy focuses on acquiring, building and consolidating healthcare businesses, such as MSH, that capitalize on growing demand as well as premium specialized healthcare centers and expand their activities into key cities in the GCC with a high-margin and high-growth healthcare business.
“We are pleased to announce yet another acquisition in the healthcare sector with our Healian healthcare investment platform. MSH aligns well with Healian standards, combining a strong mix of stable and cash-generating businesses such as cosmetic and dental practices, while providing a foothold in sectors that are ramping up Growth including multidisciplinary and rehabilitation providers,” Samir Azzam, director of private equity at GFH.
“With healthcare being a high priority investment area for the UAE government and the launch of ‘Mandatory Health Insurance’ in the country, MSH is well positioned to expand its already broad and diversified healthcare offerings. These are the kinds of unique opportunities we look forward to offering to our shareholders in various sectors. defense growth that will continue to progress from strength to strength. We will expand our investments in the GCC countries including Saudi Arabia and the UAE as we see continued progress and growth in the healthcare sector.”
“We are excited for the next phase of growth following this significant milestone for MSH. We have built a strong brand and position across the UAE market in key specialty healthcare segments. With additional resources, support and support from our new partners, GFH through Healian, we are well positioned to Better than ever to capitalize on our momentum and strategic expansion, and make the most of the positive dynamics in the UAE market including changing demographics, increasing demand and supporting the regulatory environment,” said the Board of Directors and management of MSH.
FKN