Amanat sets up healthcare platform, eyes 1,000 beds by 2026
DUBAI, April 1, 2023
Dubai-based Amanat Holdings has launched a new platform in bid to consolidate its portfolio of healthcare assets in the Middle East into a single platform with a footprint spanning the UAE, Saudi Arabia and Bahrain and an expected total capacity of 1,000 operational beds within three years.
A leading integrated healthcare and education investment company, Amanat said the move comes as part of its mission to provide long-term, post-acute and specialised care in the region.
Plans are also afoot to consider further value creation options for Amanat Healthcare, including organic and inorganic growth opportunities, combinations with other synergistic assets, and a potential initial public offering (IPO) on a regional exchange in the near-term.
By combining the Dubai group's long-term, post-acute and specialist care assets in one entity, Amanat Healthcare will become a market-leading provider of specialized healthcare in the GCC, said a top official.
"At Amanat, our fundamental strength is creating value for stakeholders, and we have invested in assets, expertise and knowledge, to support our governments’ efforts in delivering modern and efficient healthcare that will enhance the quality of life for our population and concurrently deliver value to shareholders," he noted.
"In addition, we will also look at further strategic options for Amanat Healthcare, including inorganic growth opportunities that generate synergistic benefits with our existing world-class portfolio and concurrently explore potential monetisation opportunities for Amanat Healthcare, which may include a regional initial public offering in the near-term," he added.
Acting CEO John Ireland said: "The private healthcare market in the region continues to grow strongly, underpinned by favourable demographic and population trends in addition to a supportive government and regulatory environment designed to develop the sector to meet the growing needs of the population."
"The formation of Amanat Healthcare will enable Amanat to maximise the opportunity within the GCC through the creation of a new platform which combines quality specialised healthcare with strong financial performance," he added.-TradeArabia News Service
