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Mubadala acquires Amana Healthcare for undisclosed amount

Mubadala acquires Amana Healthcare for undisclosed amount

Abu Dhabi – Mubasher: Abu Dhabi state fund Mubadala Investment Company on Monday announced that it has acquired Amana Healthcare, the region’s leading provider of long-term care, specialised rehabilitation, and home healthcare services, for an undisclosed amount.

“This is the first investment by Mubadala Healthcare in a UAE-based health services company, and we will certainly continue to look for the right acquisition opportunities, both on a regional and international level, to further bolster our portfolio of healthcare assets,” Waleed Al Mokarrab Al Muhairi, Mubadala deputy group CEO, commented.

The acquisition expands the Mubadala Healthcare network in the UAE, along with raising its capability to serve the region’s patients and their rehabilitation needs, the Abu Dhabi state investor noted.

Therefore, patients will benefit from improved continuity of care and access to an integrated network of world-class services – from primary and acute care to post-acute and long-term care services, it added.

Mubadala Healthcare portfolio includes Cleveland Clinic Abu Dhabi, Healthpoint, Imperial College London Diabetes Centre, National Reference Laboratory, Abu Dhabi Telemedicine and Capital Health Screening Centre.

Amana Healthcare operates hospitals in Abu Dhabi and Al Ain, in addition to providing world-class services including long-term inpatient care for medically complex cases, inpatient rehabilitation, transitional care and clinical care in the home.

“We are excited to enter the next phase of growth with Mubadala Healthcare and the acquisition of Amana Healthcare will drive innovation while expanding the continuum of care for the UAE market,” Al Muhairi added.