Abu Dhabi’s IHC acquires 40% stake in healthcare firm RPM

Abu Dhabi’s IHC acquires 40% stake in healthcare firm RPM

International Holding Company (IHC), one of Abu Dhabi's leading conglomerates, acquired 40 percent stake in Response Plus Medical Services (RPM) through one of its subsidiaries. RPM was established in 2010 and has become one of the UAE's largest provider of on-site healthcare management and medical emergency transfers from remote work sites. It provides medical support for oil and gas sector, chemical industries, construction sites, site clinics and ambulance services. Commenting on the acquisition, Syed Basar Shueb, CEO and Managing Director of IHC, said, "IHC has a mission to transform healthcare and this acquisition expands our reach, scale and expertise to pursue our commitment on a truly regional and international level. "RPM had more than two million people visit their 200 site clinics in 2020. With our own primary and secondary care companies and clinics, we will be able to create considerable synergy and support a significant push into the GCC and Africa in the next five years where this type of on-site healthcare management and medical emergency transfers is needed." Dr Shamsheer Vayalil, Chairman and Managing Director VPS Healthcare, RPM's parent company, commented, "In over a decade, we have built RPM into a trusted and reliable brand. Our strength and