NMC, Hassana to set up healthcare JV in Saudi Arabia
DUBAI, 12 hours, 30 minutes ago
UAE-based NMC Health, a leading healthcare operator, has signed an agreement to form a joint-venture healthcare platform with Hassana Investment, a unit of pension fund General Organization for Social Insurance (GOSI) in Saudi Arabia.
The proposed JV would create one of the largest private healthcare platforms operating in Saudi Arabia today. The JV would have a strategically unique position in the country, with a strong foothold in Riyadh, the single largest healthcare market in Saudi Arabia, as well as in multiple smaller, underserved cities.
The proposed JV would create one of the largest private healthcare platforms operating in Saudi Arabia today. The JV would have a strategically unique position in the country, with a strong foothold in Riyadh, the single largest healthcare market in Saudi Arabia, as well as in multiple smaller, underserved cities.
The enlarged organization is expected to benefit from economies of scale, allowing more efficient deployment of capital, increasing patient choice and optimizing returns across multiple assets.
Furthermore, in-line with NMC’s existing strategy, the proposed JV platform would continue to build a strong pan-Saudi Arabia presence, unlocking considerable synergies across its facilities in the process. These are expected to cover business segments such as revenue cycle management, procurement, HR and IT systems among others.
Furthermore, in-line with NMC’s existing strategy, the proposed JV platform would continue to build a strong pan-Saudi Arabia presence, unlocking considerable synergies across its facilities in the process. These are expected to cover business segments such as revenue cycle management, procurement, HR and IT systems among others.
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