Abu Dhabi's ADQ to create UAE's largest healthcare platform

As part of the agreement, SEHA and the National Health Insurance Company will merge into Pure Health



by

Ashwani Kumar

Published: Wed 5 Jan 2022, 11:16 AM

Abu Dhabi’s ADQ on Wednesday entered into an agreement to consolidate several companies within Pure Health to create the largest healthcare provider in the UAE.

As part of the agreement, Abu Dhabi Health Services Company (SEHA) and the National Health Insurance Company (Daman) will merge into Pure Health. Additionally, Tamouh Healthcare, Yas Clinic Group and Abu Dhabi Stem Cell Centre will also become a part of Pure Health, which already has a diversified services portfolio of hospital management, laboratory services, medical supplies and healthcare informatics.

ADQ is one of the region’s largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi’s diversified economy.

Mohamed Hassan Alsuwaidi, CEO, ADQ, said, “Pure Health will be instrumental in transforming the provision of healthcare as we consolidate several companies into the platform. We are further driving efficiencies to establish the UAE’s largest healthcare network, underpinned by clinical excellence, through elevated services, optimised healthcare spend and improved efficiencies across the value chain. Combining the strength of clinical powerhouses and the UAE’s leading health insurer will develop a scalable healthcare platform for growth.”

ADQ will become the largest shareholder in Pure Health, other shareholders include Alpha Dhabi Holding, International Holding Company (IHC), AH Capital and Ataa Financial Investments.

ALSO READ:

Mohamed Thani Murshed Al Rumaithi, chairman, Alpha Dhabi Holding, said: “This unique eco-system, with a keen focus on combining technology with healthcare, creates a scalable platform for international growth, driving recognition and value for the nation and our investors. Going forward, Pure Health will actively seek expansion opportunities globally to further diversify its portfolio and leverage its success in the UAE.”

Farhan Malik, managing director and CEO, Pure Health, said: “Pure Health remains committed to delivering convenient, accessible, and transparent healthcare as we become the largest integrated healthcare services platform in the UAE. We believe that healthcare is too important to remain the same. Our north star is to enable greater longevity of humankind, and we will constantly work towards a healthier and longer life for the people of UAE.”


More news from UAE