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Al Aseel Investments forays into Abu Dhabi Healthcare

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DUBAI — Al Aseel Investments LLC, a UAE based Investment Company that is managed by Al Masah Capital Management Limited, has acquired 100 per cent equity stake in National Hospital and New National Medical Center, it was announced today.

Published: Mon 4 Apr 2011, 11:06 PM

Updated: Mon 30 Jan 2023, 3:33 PM

These are two of the oldest and well-reputed healthcare facilities in Abu Dhabi, managed by Dr. B. R Shetty, the founder and Managing Director of the NMC Group, one of the largest private healthcare providers in the UAE and the region.

Both the healthcare facilities were established in mid 1990s and are located in Abu Dhabi, with National Hospital situated in the heart of the city and New National Medical Center located in the Mussafah Residential Area, one of the busiest demographic areas in Abu Dhabi.

Abdullah Humaid Al Mazroei, Chairman of NMC Group stated:“We are delighted to announce this deal in conjunction with Al Masah Capital. With their experienced private equity team and solid track record in healthcare investments, we are certain they would continue to achieve more success.” Dr. B.R. Shetty, Founding partner, Managing Director and CEO, NMC Group also added that “National Hospital and New National Medical Center are two very good assets and we are sure that Al Masah Capital will help in growing and expanding the brand throughout the country and the region”.

Shailesh Dash, Founder and CEO of Al Masah Capital added, “We at Al Aseel Investments have the experience of operating assets in the region for the last five years and have always strived to make sound investments based on local know-how and experience. I would like to thank Mazroei and Dr. Shetty, who are pioneers in the healthcare sector in Abu Dhabi and the UAE for believing in our ability to deliver the same quality of services as NMC and be a participant in the growth of the Abu Dhabi healthcare sector.”

Amitava Ghosal, Partner at Al Masah, said: “Abu Dhabi has been one of the pioneers in healthcare sector in the region in terms of reforms and development and we are very happy to make a start from here.”

The two healthcare facilities employ more than 300 people, offering services spanning the whole healthcare spectrum.— business@khaleejtimes.com



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