NMC Health, a leading integrated private healthcare provider operating across the UAE and a top provider of fertility treatments through its Spanish subsidiary Clinica Eugin, has signed agreements to acquire two UAE-based healthcare services providers.

The two providers are the Americare Group, a leading provider in the UAE in-home healthcare services segment with a current focus on Abu Dhabi and Dr Sunny Healthcare Group, a well-established network of six medical centres treating around 1,300 patients daily and three pharmacies in Sharjah.

The total enterprise value for both entities is $100 million.

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.

The 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.

In addition, Americare Group includes a medical centre with on-site pharmacy located in the upmarket Khalidiya residential area of Abu Dhabi City.

Meanwhile, the Dr Sunny Healthcare Group is a well-established and respected group of medical centres and pharmacies in Sharjah, which expands NMC’s existing Sharjah operation into a network of healthcare facilities through the addition of six medical centres and three pharmacies.

The acquisition expands the geographical footprint, addressable market and patient cross-referral capabilities of NMC’s nation-wide and multi-specialty hub-and-spoke healthcare services network.  

Following the introduction of mandatory healthcare insurance in Abu Dhabi and more recently Dubai, Sharjah, the third most populous emirate, is expected to adopt mandatory healthcare insurance in the near future.

The specialties offered by the Dr. Sunny Healthcare Group include paediatrics, cardiology, neurology, internal medicine, general surgery, psychiatry, urology, GI, gynaecology, ENT, dermatology, ophthalmology, radiology, general practice, dental care, Ayurveda and, physiotherapy as well as lab services.

The group’s gynaecology and paediatric service offerings are expected to complement NMC’s growing IVF / women’s health franchise including Clinica Eugin.

The founder and chief executive officer of the group are expected to remain with the company.

Dr BR Shetty, chief executive officer of NMC, said: “I am delighted to announce these two strategic acquisitions, which we expect to immediately add value to the NMC Group.  Both businesses are highly complementary and synergistic with NMC’s existing operations.

“We are excited to add home healthcare services to NMC’s service offering, further extending our presence along the care pathway, and to significantly grow our presence in Sharjah and the Northern Emirates. We are continuing to execute on our strategy, and remain well positioned to deliver further growth and value for our patients and shareholders” - TradeArabia News Service