GFH buys key stake in UAE multi-specialty healthcare group

GFH Financial Group (GFH), a leading regional financial group with interests in asset management and real estate, has acquired a 60 per cent stake in Multi-Specialty Healthcare Partner Holding (MSH), a leading provider of multi-specialty healthcare in the UAE, in a deal worth over $100 million.


The investment will be managed by GFH’s healthcare arm, Healian, a regionally focused platform that invests in high quality assets providing affordable healthcare in underpenetrated segments of the sector. 


MSH is the only diversified multi-specialty healthcare chain in Abu Dhabi and Al Ain and also one of the few in the UAE with 19 healthcare clinics along with two pharmacies spread across Al Ain, Abu Dhabi, Sharjah and Dubai.


It focuses on diverse and fast-growing segments of the healthcare industry including: Dental Centers, Beauty Care Centers (Cosmetic and Dermatology), Dental Laboratories, Primary Medical Centers, Woman-Care Centers and Out-patient Pediatric Rehabilitation Centers. 


It operates a unique business model where its clinics are designed and well-positioned in close proximity to its multi-specialty centers, which are further complemented by secondary clinics, offering a limited array of services, routing patients needing more intensive care to its core treatment hubs, said the statement from GFH.


The investment is further distinguished by the company’s experienced layers of management team across all key functions and importantly by its dedicated team of doctors and paramedical staff, which provide the highest quality of care, it added.


GFH Director (Private Equity) Sameer Azam expressed delight at its new acquisition in the healthcare sector through its investment platform, Healian. 


"MSH is well-aligned to Healian’s criteria, combining a solid mix of stable, cash generative businesses such as its cosmetics and dental practices, while providing a foothold in segments that are ramping up growth including multi-specialty and rehab providers," he stated.


With healthcare a high priority investment area for the UAE government and the rollout of ‘Mandatory Health Insurance’ in country, MSH is well positioned to further expand its already broad and well diversified healthcare offering, said Azam. 


"These are the types of unique opportunities we are looking to bring to our shareholders in defensive, growth sectors that will continue to go from strength to strength. We will work on expanding our investments in the GCC including Saudi Arabia and the UAE where we see continued progress and growth in the healthcare sector," he added.


MSH said it was excited for the next phase of growth following this important milestone. "We have built a strong brand and position across the UAE market in key specialty healthcare verticals," said its spokesman.


"With additional resources, support and backing from our new partners, GFH through Healian, we are better placed than ever to leverage our momentum and strategically expand, making the most of positive dynamics in the UAE market including changing demographics, rising demand and a supportive regulatory environment," he added.-TradeArabia News Service





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