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As part of its expansion strategy to the Saudi market
Dubai/Riyadh - TVM Capital Healthcare Partners announces the addition of Dr. Mohammed Al-Yemeni and Othman Abahussein as Senior Advisors in the Kingdom of Saudi Arabia. Both experts will help support TVM Capital Healthcare Partners' expansion plans in Saudi Arabia.
Dr. Al-Yemeni is the Former Deputy Minister of Health in Saudi Arabia for Planning and Health Economics and Advisor to the Minister of Health in Saudi Arabia. He brings to his new role over 25 years of experience as a Doctor of Public Health and graduated in Health Information Systems and Health Administration from the University of Pittsburgh, USA. He is also a Professor of Health Information Systems & Hospital Administration at the King Saud University.
Mr. Abahussein has worked in the healthcare field for 30 years holding a number of senior healthcare positions in the Kingdom of Saudi Arabia. He was General Manager of Arabian Healthcare Company as well as CEO of National Medical Care Company, a leading healthcare provider in KSA and listed on the Saudi Stock Exchange (Tadawul).
Dr Helmut Schuehsler, Chairman and CEO of TVM Capital Healthcare Partners, commented:
"We have had a great track record of success in the UAE, identifying and backing pre-eminent specialist healthcare companies. The TVM Capital Healthcare team has close ties with the Kingdom and we feel that now is the right time to hire on-the-ground experts. Both Dr. Al-Yemeni and Othman Abahussein bring extensive experience in the healthcare sector, combining both operational and strategic skills, along with deep rooted expertise in the Kingdom. We are delighted to welcome them to TVM Capital Healthcare Partners."
Dr. Mohammad Al-Yemeni said:
"It gives me great pleasure to join TVM Capital Healthcare Partners at a time when the firm is expanding its presence and business in KSA. The team combines strong regional knowledge with world-class expertise. The firm has made incredible strides in recent years and I am particularly excited about helping to develop their business in the Saudi market and the GCC countries."
Othman Abahussein added:
"TVM Capital Healthcare Partners created the long term care market in the UAE and I am honored to help them replicate this success in Saudi Arabia. The business has a strong reputation for pioneering specialist healthcare concepts and building world-class companies in the MENA region. I am very excited about joining their team and helping deliver value to the company's communities and investors in Saudi Arabia."
TVM Capital Healthcare Partners plans to invest over $200 million over the next four years to expand its companies across the MENA region with a focus on the GCC countries, the Levant and Egypt as well as India. It is a member of TVM Capital Group, an affiliation of globally acting venture capital and private equity firms with an operating track record of 30 years.
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About TVM Capital Healthcare Partners
TVM Capital Healthcare Partners was established in 2009 as part of TVM Capital Group, an affiliation of globally acting venture capital and private equity firms with an operating track record of 30 years, and has since then been led by Chairman & CEO, Dr. Helmut M. Schuehsler.TVM Capital Group has financed more than 120 healthcare and life science companies and has documented its success as a growth capital investor through 45 initial public offerings from its portfolio.
The firm is focusing on making highly specialized growth capital and small buyout investments in healthcare companies in the Middle East and North Africa (MENA) region and India that are or target to become leaders in their regional markets. The firm has assembled a strong team of investment professionals who are supported by a group of healthcare operators as executives-in-residence in its accelerator company, TVM Operations Group, and TVM Healthcare Advisors, which provides healthcare focused research and advisory services. Collectively, this team has developed an ability to conceptualize and develop business opportunities that provide investors with completely proprietary deal flow and investment opportunities. TVM Capital Healthcare Partners has broken new ground with four portfolio investments to date in specialized services that were either non-existent or drastically undersupplied, e.g., long-term care, rehabilitation, home care and world-class fertility treatment. A fifth investment focuses on the area of medical device development and manufacturing. The firm operates out of the Dubai International Financial Center (DIFC) and is licensed and regulated by the Dubai Financial Services Authority (DFSA).
www.tvm-capital.ae or www.tvm-capital.com
Media Contact
Brunswick Gulf on behalf of TVM Capital Healthcare Partners
Dominic Whiting +971 2 2344 603
Mohammad Al Qassem +971 4 446 6287
TVMCAPITAL@brunswickgroup.com
© Press Release 2015
