By Shane McGinley
Company plans to buy 11 medical clinics aimed at lower-income customers
Gulf Healthcare International, the Dubai medical services provider, plans to invest AED100m ($27m) in opening six branded clinics and acquiring 11 clinics aimed at lower-income patients.
The company aims to tap into the significant number of UAE residents without healthcare insurance by offering no-frills medical care, CEO Mark Adams said Sunday.
“It’s is an area that we believe has some challenges,” he told Arabian Business. “Around 50 to 60 percent of your patients don’t have access to health insurance. So you have got to balance the right level of clinical ability with a high-volume, low-margin business model.”
GHI last week said two private equity funds held by JP Morgan Asset Management had taken a stake in the company, replacing Dubai-based Varkey Group as a shareholder.
The value and size of the stake was not disclosed.
The healthcare firm also plans to roll out six high-end clinics under the ‘Amber’ brand by the first quarter of 2012, the first of which opened its doors Sept 15 in Deira. The second centre is scheduled to open in Sharjah in Dec, with a third slated to launch in Ras Al Khaimah in Jan.
“We have been developing the concept of large polyclinics with minor surgery, endoscopic suites, physiotherapy rehabilitation and up to 20 doctors practicing under one roof, said chief operating officer Linda Marshall.