Abu Dhabi: Emirates Healthcare, owned by Abu Dhabi investment group KBBO, has announced signing an operating and management contract with NMC Health for the management of Emirates Healthcare assets.
Brands such as CosmeSurge, which provides cosmetic medical services in the UAE and the UK, as well as Emirates Hospitals and Clinics which provide medical services across six emirates in the UAE fall under this agreement, the two companies announced on Thursday.
It also includes Emirates Rehab and Homecare Services, a division that provides home nursing, rehabilitation, therapeutic care and home-based care with a presence in the UAE, Slovakia and Oman.
“The phenomenal reputation of NMC Health informed our decision to sign over the management of Emirates Hospitals and Clinics, CosmeSurge and Emirates Rehab & Homecare Services. With this signing, we look forward to the future of these assets with great anticipation,” said Yazen Abu Gulal, CEO of KBBO Group and Emirates Hospital Chairman.
NMC Health is now managing multiple private and public sector health care facilities across varied geographies, with total annual revenues from O&M verticals set to reach $19 million (Dh69.7 million). The Abu Dhabi based health care provider posted strong results in the first half of 2017 with net profit going up by 38.8 per cent compared to the same period last year due to higher revenues.