Our value proposition lies in the unique offering of a diversified platform with a focus on specialized healthcare, supported by strong demographics, and management teams that are proactive investors looking to build platforms that can build scale, benefit from synergies and attract talent to ultimately create more attractive models that are built for premium exits in the future.
3
Investments in Healhtcare Sector
462
Operational Hospital Beds across UAE, KSA and Bahrain
5
Specialized Hospitals
Sector Overview
Across the GCC, a growing and simultaneously ageing population, and the increasing prevalence of lifestyle diseases, has seen healthcare quickly climb the ranks and become a top priority for the region’s governments as they strive to diversify their economies away from a reliance on oil. The MENA region’s over 65 population as a percentage of the total population stood at 5.7% in 2019, this number is set to rise to 7.6% in 2030 and to 12.7% in 2050.2 This has also been accompanied by a rise in the prevalence rates of lifestyle diseases. The need to build modern, accessible and increasingly digital healthcare sectors has been further accelerated by the COVID-19 pandemic which has driven governments all over the world to rethink the way healthcare is accessed and the way in which services are delivered. In healthcare, the care model has shifted to preventative care and value-based payment models to curb the rising cost of care and drugs which has emphasized the requirement of putting patients at the center of healthcare decision-making through driving efficiencies in convenience, accessibility, transparency as well as the personalization of products and services. In turn, this has also sprung more focus on the widening demand-supply gap of skilled professionals, pressuring regulators to introduce digital therapeutics and alternative care to mitigate the global challenge of access to care and improve patient outcomes. Additionally, as digital healthcare proliferates globally and across the region, it is becoming more critical for governance systems to strengthen data privacy, build efficiencies, and close the digital divide.
Investments
Cambridge Medical & Rehabilitation Center (“CMRC”)
CMRC is a provider of specialized inpatient and outpatient rehabilitation and long-term care, with facilities in Abu Dhabi and Al Ain in the UAE, as well as Dhahran and Jeddah in Saudi Arabia, encompassing a total of 430 beds. CMRC provides multidisciplinary and intensive rehabilitation catering to individuals living with a spectrum of medical conditions, including strokes, brain or spinal cord injuries, and congenital conditions such cerebral palsy. At the core of CMRC’s mission is operational and medical excellence, a commitment reflected in its accreditation by the Joint Commission International (JCI), the pre-eminent body for healthcare quality and safety in the world, and Commission on Accreditation of Rehabilitation Facilities (CARF), the gold standard for rehabilitation service providers. CMRC completed its merger with Amanat’s portfolio company, Sukoon, in April 2023 to create the largest pan-GCC post-acute care provider.
3
Hospitals
275
Operational Beds
AED 873 MN
Amanat’s Investment
Sukoon International Holding Company (“Sukoon”)
Sukoon International Holding Company (“Sukoon”) provides post-acute extended care and critical care medical services to patients who are no longer suited for care within a traditional hospital setting. International Extended Care Center (IECC), Sukoon’s flagship JCI-accredited facility located in Jeddah, has current capacity of 155 beds with plans to increase physical capacity.
1
Hospital
155
Operation Beds
AED 161 MN
Amanat’s Investment
Investments
Al Malaki Specialist Hospital (“MSH”)
Al Malaki Specialist Hospital (“MSH”) is a distinguished multi-specialty hospital in the Kingdom of Bahrain. Offering comprehensive and holistic care, the facility covers a spectrum of medical services, including ENT, obstetrics and gynecology, dermatology and cosmetology, physiotherapy, dentistry, gastroenterology, orthopedics, internal medicine, and pediatrics. Commencing its operations in March 2019 with an initial focus on maternity and pediatric care, MSH expanded its services in 2022 to cater to the entire family.
1
Hospital
32
Operational Beds
AED 166 MN
Amanat’s Investment
Investments
Cambridge Medical and Rehabilitation Center Real Estate – Abu Dhabi (“CMRC-RE”)
In September 2021, Amanat acquired the real estate assets of CMRC’s Abu Dhabi facility. The property encompasses 5,500 sqm of land and a built-up area of approximately 6,600 sqm, featuring two three-level building blocks. It is equipped with 106 licensed inpatient beds; rehabilitation facilities, which include 14 outpatient rooms; three gyms; and various other amenities.
As Amanat’s inaugural venture into healthcare real estate, this acquisition broadened the Company’s presence in the sector. This strategic investment plays a pivotal role in fortifying Amanat’s PAC platform and contributes to the growth of its diverse portfolio of companies. Amanat also benefits from a sustainable long-term lease arrangement, ensuring a consistent income and resilient yield.
106
Operational Beds
AED 53 MN
Amanat’s Investment
Divestments
International Medical Center (“IMC”)
International Medical Center (“IMC”) operates a 300-bed multi-disciplinary tertiary care hospital that serves Saudi Arabia’s Western Region and targets the high-end segment of the market. In July 2019, IMC completed the acquisition of a medical complex in North Jeddah, comprised of a primary care center with over 100 highly qualified doctors; a state-of-the-art radiology center; and a stand-alone day-care surgery center with four ORs.
AED 361 MN
Amanat’s Investment
AED 433 MN
Amanat’s Divestment
Our Diverse Portfolio
Investment: NEMA
Higher Education
Investment: BEGiN
Education Technology
Investment: CMRC Real Estate
Healthcare Real Estate
Investment: CMRC
Post-Acute Care & Rehabilitation
Investment: MDX
Higher Education
Investment: NLCS
Education Real Estate
Investment: Al Malaki Specialist Hospital
Specialist Care
Investment: Sukoon
Post-Acute Extended Care and Critical Care