Abu Dhabi healthcare firm VPS lunches Burjeel Holdings ahead of planned IPO push

Abu Dhabi healthcare firm VPS lunches Burjeel Holdings ahead of planned IPO push

Dubai: Abu Dhabi’s VPS Healthcare, which operates the Medeor, Burjeel and LLH hospitals, has created a new corporate entity – Burjeel Holdings – to oversee all of its interests in this sector. “As we embark on our expansion, the platform will provide the foundation to scale up operations in new geographies in the GCC and beyond,” said Dr. Shamsheer Vayalil, Chairman and Managing Director, VPS Healthcare. “Burjeel Holdings will also enable us to take strategic corporate actions needed to drive our future growth.” The announcement, which was made in Davos, comes just as reports emerge of VPS planning an IPO. It could be that Burjeel Holdings will be the umbrella entity that will go public. (Another VPS entity, Response Plus Holdings, is already listed on ADX.) “Burjeel Holdings enables us to consolidate our healthcare offerings under one platform to create an integrated ecosystem, which will continue our vision to offer end-to-end health solutions under a single window,” said Vayalil. The firm will operate nearly 60 healthcare assets catering to various income groups. VPS/Burjeel Holdings will likely enter new markets within the region, with Saudi Arabia always a high priority one. (Its flagship facility, Burjeel Medical City, is the largest private