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Abu Dhabi’s IHC acquires 15% stake in Burjeel Holdings

A Burjeel hospital Burjeel
VPS Healthcare Holdings will continue to own a majority 70% stake in Burjeel following the listing.

Abu Dhabi-based International Holding Company (IHC) has purchased a 15 percent stake in healthcare provider Burjeel Holdings.

The acquisition aims to diversify IHC’s investment in the healthcare sector locally and regionally, WAM, the UAE state news agency, reported.

Founded in 2007, UAE-based Burjeel Holdings is a private healthcare services provider, with a growing presence in the GCC. 

Last month, Burjeel CEO Shamsheer Vayalil announced plans to expand into Saudi Arabia and invest SAR 3.75 billion ($1 billion) by 2030.

In April, the UAE healthcare firm hired JPMorgan and the investment banking arm of Dubai’s biggest lender Emirates NBD to manage a proposed stock market listing.

Burjeel Holdings operates nearly 60 assets across all socio-economic segments across various brands, including Burjeel Hospitals, Medeor Hospital, LLH Hospital, Lifecare Hospital, and Tajmeel.