Dubai – Mubasher: Amanat Holdings has launched its new healthcare platform called Amanat Healthcare, according to a recent press release.
The new entity runs its business across the UAE, Saudi Arabia, and Bahrain, holding an expected total capacity of 1,000 operational beds within three years.
Amanat Healthcare integrates Amanat’s long-term, post-acute, and specialist care assets. It aims to become a market-leading provider of specialised healthcare in the GCC region.
The DFM-listed firm plans to consider further value-creation options for Amanat Healthcare, including organic and inorganic growth opportunities, in addition to combinations with other synergistic assets. It also seeks to study a potential initial public offering (IPO) on a regional exchange in the future.
Hamad Alshamsi, Chairman of Amanat, said: “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.”
John Ireland, Acting CEO of Amanat, highlighted: “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.”
Ireland elaborated: “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.”
In December 2022, Amanat created the largest pan-GCC post-acute care platform, following the merger of Sukoon International Holding Company with Cambridge Medical and Rehabilitation Center (CMRC) through a non-cash share swap.
