Abu Dhabi’s Mubadala Health acquires a major stake in UEmedical (United Eastern Medical services) from United Eastern Group (UEG) and Jadwa Investment.
The Chief Executive Officer of Mubadala Health, Hasan Jasem Al Nowais, 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.”
The Managing Director of UEG, Ahmed Ali Al-Shorafa Al-Hammadi, said:
“As founders of UEMedical, we are proud of what UEMedical represents, and of our role in the evolution of the health sector through well-established accredited hospitals and clinics in various specialties.
“While it is not easy to exit what we have built, I believe Mubadala Health provides the best ecosystem to allow it to flourish. We wish Mubadala Health all the success in achieving their vision of a world-class healthcare ecosystem in the region.”
About UE medical
“UEMedical (United Eastern Medical Services ) is one of the leading Healthcare Development & Investment Company based in Abu Dhabi. Since its formation in 2005, UEMedical has continuously raised the standards of medical services in UAE with its world-class specialty hospitals and outpatient facilities.
About Mubadala
Mubadala Investment Company is one of the Emirati state owned holding company which was established in 2017 as a joint stock company, it is headquartered in Abu Dhabi.
