International Holding Co. acquires 15 pct stake in healthcare group Burjeel Holdings

Published: Updated:
Read Mode
100% Font Size
2 min read

International Holding Company (IHC), the diversified Abu Dhabi-based conglomerate, announced on Monday a direct acquisition of a 15 percent stake in Burjeel Holdings, the leading regional private healthcare group, in one of the biggest deals in the Gulf’s healthcare sector in recent years.

The acquisition aims to scale and diversify IHC’s investment in the healthcare sector locally and regionally, which will create a thriving commercial ecosystem for the healthcare industry for the benefit of broader community and shareholders, reported Emirates News Agency (WAM).

For the latest headlines, follow our Google News channel online or via the app.

Commenting on the acquisition, Syed Basar Shueb, Chief Executive Officer of IHC, said, “We continue to see a tremendous opportunity to invest in mission-driven organisations like Burjeel Holdings. We are very pleased with Burjeel’s progress in expanding its market positions beyond the UAE. Undoubtedly, this new acquisition will add great value to our strong growth platform.”

Founded in 2007, Burjeel Holdings is the leading private healthcare services provider in the UAE, with a growing presence in the GCC. The group continues to set new benchmarks for healthcare delivery and patient outcomes, with state-of-the-art facilities and world-class service standards.

Dr. Shamsheer Vayalil, CEO of Burjeel Holdings, said, “We are thrilled to join a solid organization with such a broad and complementary set of capabilities. Having IHC onboard has a solid strategic rationale for us, as it will have a transformative impact through the addition of new capabilities, capital, and access to new markets. This is an exciting time of growth for Burjeel Holdings.”

Burjeel Holdings will operate nearly 60 assets catering to all socio-economic segments across a range of brands, including Burjeel Hospitals, Medeor Hospital, LLH Hospital, Lifecare Hospital, and Tajmeel. Its flagship facility, Burjeel Medical City, is the largest private hospital in the UAE and the only ESMO-accredited center.

In addition to having renowned world-class ceners of excellence, Burjeel Holdings consolidates the largest diagnostic network in the UAE and the largest comprehensive cancer center in the nation. The newly launched holding company also brings under its umbrella the largest orthopaedic practice and leading mother and child care provider in the UAE.

Read more: UAE health firm Burjeel plans Saudi expansion as IPO nears

Top Content Trending