UAE— Everest Health Investments, a prominent healthcare investor based in Dubai, has successfully acquired Medicentres Polyclinics and Novitas Health, two renowned companies that have played significant roles in the UAE’s primary health sector.

This acquisition represents Everest Health’s commitment to expanding its primary healthcare offerings, both online and offline, in order to cater to diverse customer segments while prioritizing convenience, quality of care, and affordability.

Medicentres operates a chain of four premium primary care clinics located in prestigious residential areas of Dubai, including Motor City, Jumeirah Park, Al Furjan, and Dubai Silicon Oasis.

With a team of highly qualified healthcare professionals, Medicentres has been delivering exceptional outpatient healthcare services for over a decade.

Their comprehensive range of services includes medical and dental consultations, pharmacy services, laboratory testing, and diagnostic services.

Meanwhile, Novitas specializes in providing cost-effective virtual and home health services to corporate clients and individuals.

In addition to operating affordable clinics and pharmacies in International City and Jebel Ali Industrial Area, Novitas manages approximately 100 on-site facilities across the UAE.

These on-site facilities serve a captive population of 150,000 employee lines and collaborate with large organizations on behalf of their medical insurance providers.

Mr. Kartik Thakrar, the CEO of Everest Health, expressed his enthusiasm about the acquisition, stating, “We are delighted to have these two highly trusted healthcare providers in Dubai, which enables us to provide quality outpatient services to all segments.”

Thakrar emphasized the strategic advantage of reaching affluent customer segments through Medicentres’ high-end community clinics, while also highlighting Novitas’ capability to offer smart and affordable home health and on-site services.

Collectively, Everest Health’s portfolio companies are estimated to serve approximately 350,000 patients each year.

This acquisition aligns with Everest Health’s strategic focus on primary healthcare, encompassing both online and offline services.

The company aims to address the challenge of escalating healthcare costs and rising medical insurance premiums by offering high-quality and high-value healthcare services to a wide range of patients, whether through in-person visits or virtual consultations.

With the inclusion of Medicentres Polyclinics and Novitas Health in its portfolio, Everest Health is poised to further enhance the accessibility and quality of primary healthcare services in the UAE.

Recent examples of mergers and acquisitions in the GCC healthcare market include Dubai-listed Amanat Holdings, a healthcare and education investment company, which announced the creation of the largest pan-GCC post-acute care platform through the merger of Sukoon International Holding Company with Cambridge Medical & Rehabilitation Center.

Continuing the trend of mergers and acquisitions in the UAE’s healthcare sector, Abu Dhabi’s International Holding Company (IHC) has made a significant move by acquiring a 15% stake in Burjeel Holdings, a leading healthcare services provider in the country.

The financial terms of the deal have not been disclosed yet, but it is expected to support IHC in diversifying its healthcare investments both locally and regionally.

Burjeel Holdings, established in 2007, boasts an extensive network of 60 assets, including hospitals, medical centers, pharmacies, and other related services in the UAE and Oman.

Furthermore, the company has ambitious plans to expand its presence in Saudi Arabia, aiming to invest up to US$1 billion in the largest economy in the Arab world through joint ventures and public-private partnerships.

In a separate development, the healthcare divisions of Mubadala, a sovereign investor, and G42, a prominent artificial intelligence and cloud computing technology company, have decided to merge their operations.

The merger intends to create an integrated, data-driven, and future-ready healthcare company in the UAE.

With the healthcare market in the Gulf Cooperation Council (GCC) witnessing increased competition, experts predict that more mergers, acquisitions, and consolidations are on the horizon.

As the healthcare sector continues to mature, the introduction of public-private partnerships (PPPs) is bringing about a transformative shift in care delivery, according to Alpen Capital, a Dubai-based investment banking advisory firm.

Alpen Capital’s research indicates that healthcare spending in the region is projected to reach US$135.5 billion by 2027, with an annual growth rate of 5.4% from US$104.1 billion recorded last year.

Alpen Capital emphasizes that the growth of the GCC healthcare sector will be fueled by factors such as the increasing aging population, improving economic activity, a heightened focus on preventive care, and the implementation of mandatory health insurance policies.

These dynamics are expected to shape the future landscape of healthcare in the region, driving further advancements, collaborations, and investments.

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