Business

UAE`s Mubadala Health acquires a controlling stake in UEMedical

Abu Dhabi: Mubadala Health, the integrated healthcare network of Mubadala Investment Company, on Wednesday announced the acquisition of a 60 per cent stake in United Eastern Medical Services (UEMedical) from Jadwa Investment and United Eastern Group (UEG). UEMedical owns and operates several hospitals and clinics specializing in women’s health, family medicine, pediatrics, fertility, eye care, dentistry and dermatology in the UAE and CSA. Through this acquisition, Mubadala Health adds the Danat Al Emarat Hospital for Women and Children; the HealthPlus network of specialty centers; HealthPlus Fertility, the largest IVF provider in the region; Moorfields Eye Hospital Abu Dhabi; and an interest in Al Meswak Dental Group in its network. The new services added to the Mubadala Health Network include fertility and IVF, obstetrics, neonatology and pediatric subspecialties.

EMIRATI TODAY - Emirati News, the UAE Daily News

‘UEMedical has experienced tremendous growth and success over the past decade by operating facilities that have increased the standard of patient care in various specialties. This acquisition enhances Mubadala Health’s network in the UAE and the wider GCC region, while demonstrating our unwavering commitment to transforming the local healthcare landscape by providing a full range of healthcare services that cover every phase of a patient’s life, ‘ says Hasan Jasem Al Nowais, CEO of Mubadala Health. The transaction is expected to end by September 2021. The Mubadala Health network currently includes Cleveland Clinic Abu Dhabi, Healthpoint, Imperial College London Diabetes Center, Amana Healthcare, National Reference Laboratory, Capital Health Screening Center and Abu Dhabi Telemedicine Center. Upon completion, Mubadala Health’s portfolio will include more than 10,000 world – class caregivers providing more than 100 service lines to 15 prominent healthcare providers in the UAE and CSA.