Mubadala Health takes 60% stake in UEMedical

Mubadala Health takes 60% stake in UEMedical

Mubadala Health, the integrated healthcare network of Mubadala Investment Company, on Wednesday announced the acquisition of a 60% stake in United Eastern Medical Services (UEMedical) from Jadwa Investment and United Eastern Group (UEG). UEMedical owns and operates multiple hospitals and clinics specializing in women's health, family medicine, pediatrics, fertility, eye care, dentistry and dermatology in the UAE and KSA. Through this acquisition, Mubadala Health adds Danat Al Emarat Hospital for Women & Children; the HealthPlus Network of Specialty Centers; HealthPlus Fertility, the largest IVF provider in the region; Moorfields Eye Hospital Abu Dhabi; and a stake in Al Meswak Dental Group to its network. The new services added to the Mubadala Health network include fertility & IVF, obstetrics, neonatology, and pediatric subspecialties. Hasan Jasem Al Nowais, Chief Executive Officer of Mubadala Health, said: "Over the past decade, UEMedical has witnessed tremendous growth and success, operating facilities that have raised the bar in patient care across multiple specialties. This acquisition enhances Mubadala Health's network in the UAE and the wider GCC region, while demonstrating our unwavering commitment to transforming the regional healthcare landscape by delivering a full range of healthcare services covering every phase of a patient's life." Ahmed Ali Al-Shorafa