MSH covers various segments of the healthcare industry.
GFH Financial Group has bought a 60% stake in the UAE-based Multi-Specialty Healthcare Partner Holding (MSH) in exchange for more than $100 million.
With 19 healthcare clinics and two pharmacies across Al Ain, Abu Dhabi, Sharjah, and Dubai, MSH is the only diversified multi-specialty healthcare chain in Abu Dhabi and Al Ain, according to a press release on Monday.
MSH covers various segments of the healthcare industry, including dental centres, beauty care centres, dental laboratories, primary medical centres, woman-care Centres, and out-patient pediatric rehabilitation centres.
The investment will be managed by GFH’s healthcare arm, Healian, which is part of GFH’s objective to build its portfolio of blue-chip regional healthcare providers.
The Director Private Equity at GFH, Sameer Azam, said: “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.”
(Except for the headline, this story has not been edited by The Finance World staff and is published from a syndicated feed.)