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Medsol Announces MENA Expansion with New Buys
DUBAI - Medsol, part of Gulf Healthcare International, has announced its regional expansion plans with the acquisition of new laboratories in the UAE and Kuwait.
Medsol, which was launched in January 2009, has projected sales targets of $100 million by the end of 2010 through operations across the MENA region. Medsol laboratories provide pathology testing services through independent and hospital laboratories across the MENA, catering to the growing regional healthcare sector.
As part of its growth strategy Medsol has strategically acquired Al Ain-based Al Khaleej Lab, Sharjah-based Lab Tech and Mediplus and Dubai-based Al Abbar laboratories. In Kuwait, Medsol has acquired the laboratory department of Specialised Clinic Center. With a large demand for pathology, it is owned and managed by European- and Canadian- trained medical staff.
“Quality healthcare will remain a top priority despite unstable economic conditions and the region is well equipped to deliver world class service that caters effectively for its diverse population. Medsol is committed to leading positive and sustainable growth in MENA healthcare by providing a first class physician and direct to consumer offering; the new acquisitions are testament to the success of our quality service model,” Mark McGourty, Chief Executive Officer of Medsol, said.
The new acquisitions take Medsol’s network to 14 operational laboratories in the region — eight in the UAE, five in Kuwait and one in KSA.
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