Friday 29 March 2024
 
»
 
»
Story

NMC Health completes acquisition of Americare

ABU DHABI, June 4, 2015

NMC Health, a leading private healthcare provider operating across the UAE has completed its acquisition of Americare Group, a leading provider in the UAE in-home healthcare services segment.

The acquisition, which was expected to close in the third quarter of the year, has completed ahead of time, a company statement said.

Dr B R Shetty, chief executive officer of NMC, said: “I am delighted to announce the closing of this acquisition. Americare Group is a market leader in the UAE in-home healthcare services segment and the business is highly complementary and synergistic with NMC’s existing operations. This acquisition exemplifies the continuing execution of our strategy.”

The Americare Group is a renowned and fast-growing healthcare service provider in the UAE, with a leading market position in the Emirate of Abu Dhabi’s home care segment. Americare operates a community-based physician practice providing medical care in the comfort of the patient’s home for a variety of conditions and across all ages.  The Americare division offers up to 24-hour nursing care for its patients.

This acquisition extends NMC’s service offering along the care pathway by complementing existing in-hospital healthcare services and expanding recurring revenue streams in a valuable, more scalable, asset light and traditionally less capex intensive market segment.

With the majority of Americare’s patients insured by the Thiqa programme, Abu Dhabi’s health care scheme for UAE nationals, the transaction further diversifies NMC’s patient population.

Americare Group’s experienced management including its founder and CEO are expected to remain with the company, according to the statement. – TradeArabia News Service




Tags: abu dhabi | acquisition | NMC Health |

More Health & Environment Stories

calendarCalendar of Events

Ads