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Tue 18 Jul 2017 06:53 PM

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Unit of UAE's KBBO acquires 60% of 24-7 healthcare provider

Emirates Hospital says acquisition makes it the majority shareholder of Mobile Doctors 24-7

Unit of UAE's KBBO acquires 60% of 24-7 healthcare provider

Emirates Hospital, a member of the Abu Dhabi-based KBBO Group, has acquired 60 percent of Mobile Doctors 24-7, a round-the-clock health management provider.

The acquisition makes KBBO Group the majority shareholder in MD 24-7, it said in a statement.

Mobile Doctors 24-7 is contracted with both public and private sectors and has over 230 multinational corporate clients including employers, insurance carriers, brokerage firms, as well as telecom carriers such as Etisalat.

It offers 24-hour medical and wellness concierge services to its 145,000 plus registered members.

Yazen Abu Gulal, KBBO Group CEO, said: “Mobile Doctors 24-7 is a valuable asset that is a natural fit for KBBO’s numerous healthcare assets such as Emirates Hospitals and CosmeSurge. We look forward to strengthening our relationship with MD 24-7’s Management team and moving forward with its worldwide growth.”

Raouf Khalil, founder and CEO of Mobile Doctors 24-7, added: “This is a critically important step forward in scaling our true healthcare solution that aligns both consumers and payers. The combination of our one of a kind delivery system with the support of KBBO Group and its strong presence in the healthcare sector assures MD 24-7 future is in good hands.”

Established in Abu Dhabi in 2004, KBBO Group is an investment group with a diverse portfolio of interests, operating in the UAE and across the Middle East.

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