UAE – The Abu Dhabi Holding Company (ADQ), one of the region’s largest holding companies with a diverse portfolio of major enterprises, has agreed to consolidate several companies within Pure Health, resulting in the UAE’s largest healthcare provider.
As part of the agreement, Abu Dhabi Health Services Company (SEHA) and The National Health Insurance Company PJSC (Daman) will merge to form Pure Health.
SEHA, the UAE’s largest healthcare network, manages the public health infrastructure in Abu Dhabi and operates COVID-19 screening centers throughout the country.
Tamouh Healthcare, Yas Clinic Group, and the Abu Dhabi Stem Cell Centre will also join Pure Health, which already has a diverse service portfolio that includes hospital management, laboratory services, medical supplies, and healthcare informatics.
Pure Health’s integrated healthcare ecosystem will significantly contribute to the UAE’s healthcare landscape and support the country’s mission to improve citizens’ and residents’ health and well-being. Patients will benefit from increased clinical expertise and access to a broader range of healthcare services.
Mohamed Hassan Alsuwaidi, Chief Executive Officer of ADQ, said: “Pure Health will be instrumental in transforming the provision of healthcare as we consolidate several companies into the platform.”
According to a statement, ADQ will be the largest shareholder in Pure Health, but no details were provided about the proportion of shares held by parties such as International Holding Company (IHC), AH Capital, and Ataa Financial Investments, as well as Alpha Dhabi.
“This unique ecosystem, with a keen focus on combining technology with health care, creates a scalable platform for international growth, driving recognition and value for the nation and our investors,” said Mohamed Al Rumaithi, chairman of Alpha Dhabi.
“Going forward, Pure Health will actively seek expansion opportunities globally to further diversify its portfolio and leverage its success in the UAE.”
Demand for healthcare services has increased as a result of the coronavirus pandemic, and companies plan to capitalize on this demand by increasing their investments in businesses that provide diagnostics, testing, and other support services.
International Healthcare Centers (IHC) is chaired by Sheikh Tahnoon bin Zayed Al Nahyan, the United Arab Emirates’ national security adviser and a brother of the country’s de facto ruler Abu Dhabi Crown Prince Mohammed bin Zayed.