High-flying investor IHC completes 40% buy in Abu Dhabi healthcare firm Response Plus

Response Plus provides onsite healthcare services and an ambulance fleet

Last updated: April 26, 2021 | 08:17

1 MIN READ

The International Holding Co. stock is up 115% in the year-to-date, as investors buy into its portfolio building ways. The company is also an investor in Elon Musk sponsored SpaceX.

Also In This Package

Meet the 10 crypto billionaires on the 'Forbes' list

Look: Sharjah's first female Emirati car mechanic

Photos: Dubai-bred baby sharks released into sea

Dubai’s marine transport is the way forward

Look: On Dubai’s Palm, it’s The View that matters

Meet Cadillac’s first EV, the Dh220,000 Lyriq

Dubai: Abu Dhabi based International Holding Co. – whose stock price is currently on a hot streak – has completed its buy of a 40 per cent stake in Response Plus Medical Services, an onsite provider of healthcare related services.

The IHC buy was done through a subsidiary. Response Plus Medical Services is a unit of VPS Healthcare and has also expanded its network to Saudi Arabia and Oman. It now has 200 onsite clinics and is also one of the largest ambulance fleet operators in Abu Dhabi.

Last week, IHC acquired 45 per cent in another Abu Dhabi entity, Alpha Dhabi Holding.

Get the latest news and updates straight to your inbox