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Bahrain’s GFH Financial Group is expanding its presence in the United States with the acquisition of a majority stake in Big Sky Asset Management, a real estate asset manager focused on the healthcare segment.
The acquisition has just been completed and it will “reflect positively” on the company’s financials, GFH said in a bourse filing on the Dubai Financial Market (DFM) on Wednesday.
Big Sky has over two decades of experience in investing and managing healthcare assets, with more than $2 billion in cumulative transaction value.
The deal of undisclosed value follows the earlier acquisition in May 2022 of US-based SQ Asset Management, a specialist in student housing in prime US states and cities.
“Big Sky has strong capabilities in sourcing, acquiring and managing healthcare assets with a specialized focus on medical clinics and life sciences real estate,” the statement said.
(Reporting by Cleofe Maceda; editing by Daniel Luiz)