Skip to content Skip to Search
Skip navigation

Bahrain’s GFH takes on US healthcare with Big Sky deal

Jason L Signor, CEO of Big Sky bigskymed.com
Jason L Signor, CEO of Big Sky

Bahrain’s GFH Financial Group announced on Tuesday it has completed the acquisition of a majority stake in Big Sky Asset Management, a US real estate asset manager focused on the healthcare sector.

The transaction further expands GFH’s presence in the States and follows the partnership in May with SQ Asset Management, a specialist in student housing in prime US states and cities.

With the acquisition of Big Sky, GFH said it has established a strong foothold in the growing healthcare market.

Big Sky manages assets with more than $2 billion in cumulative transaction value made up of about 130 medical facilities.

“We are looking forward to this partnership with an established and well positioned expert such as Big Sky, and believe it gives GFH a unique approach to the market by bringing together our regional expertise with Big Sky’s extensive know-how in the US healthcare market,” said Nael Mustafa, co-chief investment officer at GFH.

“This acquisition is instrumental to the future growth of GFH by giving us strong management teams that are able to execute our growth strategy and give us a local presence, which in today’s market is a key ingredient to success.

“We believe the healthcare real estate sector through Big Sky will present attractive returns for our investors.”

GFH has completed acquisitions of two medical clinics through a joint venture with Big Sky that is valued in excess of $800 million. 

“We are strong believers in the healthcare market which is positioned for steady, resilient growth following the shift in outpatient services and subsequent demand for quality medical clinics assets,” added Mustafa.

Jason L Signor, CEO of Big Sky, said: “Having GFH as a strong partner will enable Big Sky to further offer unique investment opportunities to investors in the US and the GCC.

“Big Sky is well positioned to grow its AUM and become one of the largest healthcare real estate investors by combining our market capabilities with GFH’s strong global access.”  

Latest articles

Flooding in Dubai affected many people's homes. Emaar has promised .free repairs for its residents, and an upgraded sewerage system is planned

Emaar promises free repairs as Dubai launches sewerage system

Emaar Properties is offering free repairs to residents whose homes were damaged during this week’s extreme flooding, as Dubai also announced an AED80 billion ($22 billion) sewerage system. The developer announced on Friday that it would repair all homes in its communities affected by the historic levels of rain, “at no cost to residents”. Emaar’s […]

A customer paying with a credit card inside the Black Friday Market in Beirut. Lebanon wants more people to move away from cash

Lebanon launches plan to promote use of bank cards

Lebanese central bank Banque du Liban announced a new agreement on Thursday that it hopes will result in a rebound in the use of bank cards. As part of the agreement, Mastercard and Visa will lower card fees on transactions, particularly for people with bank accounts based outside Lebanon. In a press release, the bank […]

Construction work in Kuwait. Nurseries, schools and shops are being built for the new residential district of Al Metlaa

Kuwait signs $140m contracts for Al Metlaa development

Kuwait’s Public Authority for Housing Welfare (PAHW) has signed two contracts worth KD42 million ($140 million) to construct public buildings in Al Metlaa, a new residential district north of Kuwait City. Nurseries, stores, schools and shops will be included, state news agency Kuna reported. Electricity connections have been provided for 109 buildings in the district, […]

Iraq gas oil

Iraq to auction 30 oil and gas projects this month

Iraq will auction 30 new oil and gas projects in two licensing rounds before the end of April. The bidding round will be held on April 27, Reuters reported, citing an oil ministry statement. Last October Iraq passed a long-awaited oil and gas law, which will help the country attract more international investments into the hydrocarbon industry and boost government revenues.  Ali Metwally, an […]