Abu Dhabi-based state-owned holding company Mubadala Investment is in talks to acquire Jadwa Investment’s healthcare assets in the UAE, according to local media reports.
Reportedly, Mubadala is currently working on a deal with Rothschild to acquire Jadwa’s healthcare assets. However, it is unclear which of the Jadwa’s healthcare assets in UAE will be included in Mubadala’s deal.
Last year, Mubadala Investment’s fully-owned subsidiary Mubadala healthcare, acquired Amana Healthcare, the region’s leading provider of long-term care, specialised rehabilitation, and home healthcare services.
The acquisition helped Mubadala Healthcare further expand its network which includes Cleveland Clinic Abu Dhabi, Healthpoint, Imperial College London Diabetes Centre, National Reference Laboratory, Abu Dhabi Telemedicine, and Capital Health Screening Centre.
According to Abdulla Abdul Aziz Al Shamsi, Head of Mubadala Healthcare, the acquisition of Amana Healthcare gives Mubadala’s customers the benefit of extended continuum-of-care services, all of which contribute to the company’s vision of a world-class integrated health system for the people in the UAE.
The acquisition was also the first investment made by Mubadala Healthcare in a UAE-based healthcare company.
According to local media reports, UAE’s Ministry of Health and Prevention (MoHAP) launched a blockchain platform for storing healthcare and pharmaceutical data.
Co-developed by the Ministry of Presidential Affairs, Dubai Healthcare City and other healthcare authorities in the region, the blockchain platform is part of the UAE’s plan to integrate artificial intelligence with healthcare in the UAE.
The platform, which will be available through the Ministry of Health and Prevention’s application, will facilitate the recording and storing of health and pharmaceutical data. The platform can also be used to search for health facilities, licensed medical practitioners, and their expertise.