ADQ to merge its healthcare support services entities

  • Date: 09-Mar-2021
  • Source: Gulf Today
  • Sector:Healthcare
  • Country:UAE
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ADQ to merge its healthcare support services entities

The company will be well-positioned to serve hospitals, integrated healthcare systems, healthcare suppliers and the federal government throughout the UAE. ADQ, one of the region's largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi's diversified economy, signed an agreement to merge its healthcare support services entities, Rafed and Union71, within Pure Health, an integrated healthcare solutions provider in the United Arab Emirates with a diversified services portfolio of hospital management, laboratory services and medical supplies. Under the terms of the agreement, ADQ will transfer its ownership of Rafed and Union71 to Pure Health and receive a stake in the new end-to-end healthcare services leader providing hospital management, medical screening, lab testing and healthcare procurement. The company will be well positioned to serve hospitals, integrated healthcare systems, healthcare suppliers, the federal government, and others across the spectrum of care throughout the UAE. Mohamed Hassan Al Suwaidi, Chief Executive Officer of ADQ, said: "By merging Rafed and Union71 within Pure Health, we continue advancing ADQ's strategy to grow a provision-centred healthcare and pharma cluster that delivers clinical excellence, optimal healthcare system spend and effective population health management in the UAE. This transaction provides a unique