Mubasher: GFH Financial Group has acquired 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."