Bahrain’s GFH picks up majority stake in UAE healthcare firm MSH for $100m

Dubai: Bahrain’s GFH Financial Group has taken a majority stake – 60 per cent – in the UAE healthcare provider MSH (or Multi-Specialty Healthcare Partner Holding) for $100 million. MSH has its primary interests in Abu Dhabi and Al Ain, and operates clinics and pharmacies in Sharjah and Dubai as well.

The investment by GFH will be managed through its healthcare-focused entity, Healian, which invests in “high quality assets” that provide affordable medical services. More such investments will be done, according to GFH. “MSH is well-aligned to Healian’s criteria, combining a solid mix of stable, cash generative businesses such as its cosmetics and dental practices, while providing a foothold in segments that are ramping up growth including multi-specialty and rehab providers,” said Sameer Azam, director for Private Equity at GFH.

“With healthcare a high priority investment area for the UAE government and the rollout of ‘Mandatory Health Insurance’ in country, MSH is positioned to further expand its already broad and well-diversified healthcare offering. These are the types of unique opportunities we are looking to bring to our shareholders in defensive, growth sectors that will continue to go from strength to strength.

“We will work on expanding our investments in the GCC including Saudi Arabia and the UAE where we see continued progress and growth in the healthcare sector.”