UAE's Burjeel Holdings, Keralty to launch affordable clinics, starting with Saudi Arabia
Burjeel Holdings launches new venture with Keralty
Dubai: Abu Dhabi headquartered hospital operator Burjeel Holdings has entered a joint venture to launch affordable healthcare solutions in the Middle East, starting with Saudi Arabia.
Burjeel’s partner in the venture – called ‘Al Kalma’ - is Colombia’s Keralty, and the plan is to open primary care centers. The alliance will also provide access to integrated mental health services, an area that healthcare operators and governments in the region have been prioritizing when it comes to new investments.
Burjeel already operates multiple healthcare brands in the UAE, whether it's Medeor, Lifecare or LLH.
On the decision to launch the joint venture in Saudi Arabia, Burjeel notes that that the market there is primed to see more primary healthcare services being offered at accessible costs for patients (and for insurers too). Burjeel has another joint venture – with Leejam Sports Co. - exclusively for the Saudi market, to launch physiotherapy centres.
The venture with Keralty will be handled through a new holding company registered with the Abu Dhabi Global Market (ADGM) jurisdiction. Burjeel Holdings and Keralty will each hold 50 per cent. Actual details on the expansion plans will be disclosed later.
“Our unique model envisions comprehensive well-being, from prevention to control and care of disease to enhance services and patient outcomes on a local, personalized level,” said Dr. Shamsheer Vayalil, Chairman of Burjeel Holdings. “This approach will keep people healthier and out of hospitals, leading to a substantial shift in healthcare delivery.”
Keralty has operations in nine countries, including the US. Its healthcare business model is based on the ‘prevention, detection, and management of health risks’, as well as the ‘control and care of diseases’.