DUBAI 1 May 2018: Investcorp on Monday announced the construction of a new landmark hospital complex on Reem Island, Abu Dhabi.
The complex, being built with Vamed, a global provider of rehabilitation and hospital services and promoter Blue Apple Partners, comprises a modern and highly specialised Rehabilitation Centre combined with a Children’s and Women’s Hospital and a Family Medical Centre.
This is Investcorp’s third healthcare deal, which comes on the heels of the announcement of the launch of Investcorp’s healthcare fund earlier this year, said Wam.
First Phase
The first phase of the hospital will consist of a 100+ bed Rehabilitation Centre targeted to open at the end of 2019.
It will aim to provide the highest standards in orthopaedic, cardiovascular, neurological, and oncological post-acute treatments and care for both in-patients and out-patients, using cutting-edge rehabilitation approaches and technologies. It will be built and operated by Vamed.
The second phase of the hospital will be a 100+ bed Children’s and Women’s Hospital, providing a full range of general and specialised paediatric surgery and treatments, as well as comprehensive gynaecology and obstetrics services supported by a Neonatal Intensive Care Unit. This facility will be operated by Vamed in cooperation with Charité from Berlin, Germany, one of the leading university hospitals in Europe.
Family Centre
An additional and essential feature of the overall development project will be a sizable Family Medical Centre, which is also expected to open by the end of 2019, staffed by experienced family doctors providing holistic preventative care as well as all ambulatory healthcare services addressing family health planning and urgent care, especially for children and women.
Mohammed Alardhi, Executive Chairman of Investcorp, said, “Investcorp has always kept a close eye on the healthcare sector in the Gulf. We are aware of the growing demand for quality healthcare in the region and are keen to play a key role in its development in the short and long term. We are particularly proud to be part of this project in Abu Dhabi, where we have deep roots and strong ties as a firm.”
The co-founder of Blue Apple Partners, promoter of the project and Chairman Zaid Daoud Al Siksek, former CEO of the Health Authority of Abu Dhabi, said, “The Al Reem Hospital and Rehabilitation Centre will provide the full spectrum of integrated primary, secondary and tertiary care in specialised rehabilitation services and gynaecology, obstetrics and paediatrics, areas where there are currently still significant shortages and ensure that Abu Dhabi is ready to meet the needs of its growing population.”
Andrea Raffaseder, a member of the Vamed Executive Board, commented, “We are delighted to bring a world-class specialised facility to the emirate of Abu Dhabi, the UAE, and the region as a whole. VAMED’s international expertise in designing and constructing hospitals will provide clinical excellence in a patient-focused environment.”