CEVA is a global logistics supply chain company headquartered in Hoofddorp, Netherlands. According to Tornos News, CMA CGM will purchase 25% of the company shares before its listing on a Swiss stock exchange in May.

The logistics sector has shown exponential growth in recent years.  A recent blog by Kenco reads “The supply chain is the backbone of a company: strong, flexible and supporting so many parts of the business. But in many ways, they’re also fragile: too much change or pressure and they’ll fracture, with wide-spread impact throughout the organization. Like all parts of business, new technologies, new processes and new ways of thinking will make them stronger, more efficient and more powerful. There’s both an art and science to how we drive innovation in our supply chains and drive it we must.”

This year’s Eye for Transport Global Logistics Report shows increased e-commerce growth, digitisation and cutting-edge technologies create better opportunities for the industry’s business model. Respondents said blockchain (52.7%), artificial intelligence (51.3%) and robotics (44.61%) largely transform the industry in order to sustain and introduce effective business values.

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According to the company’s Press Release, after the acquisition the company will continue to render services and look for new possibilities to boost its operations.

Chief Executive Officer of Gulf Capital, Dr Karim El Solh, said the company’s investment in ACCUMED is a significant moment for Gulf Capital because of great investor opportunities in the healthcare industry in the GCC. “ACCUMED is the clear market leader in revenue cycle management in the GCC, and we look forward to funding and supporting the growth of the company, so it can continue to deliver enhanced operational and financial performance improvements to healthcare providers in the GCC.”

ACCUMED is a major player in RCM in the Middle East. So far, the company has recorded over nine million medical claims worth more than AED1.4bn. Comprehensive business process outsourcing, medical coding, technology solutions, consultancy services and staff augmentation, covering all medical insurance billing needs for hospitals, clinics, diagnostic centres and other healthcare providers are some of the services provided by ACCUMED.

Founder and CEO of ACCUMED, Dr Ayham Refaat, said: “ACCUMED is thrilled to partner with Gulf Capital, whose support and growth capital will allow us to extend our market leadership position and to accelerate our growth in the UAE, KSA and other regional markets.”

Gulf Capital is known for its leading role in technology investments in the GCC. The RCM industry is expected to grow 20% in the UAE and the Kingdom of Saudi Arabia, and the recent acquisition will allow both companies to seek growth in the Middle East.

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