Abu Dhabi: ADQ, one of the region’s largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi’s diversified economy, signed an agreement to merge its healthcare support services entities, Rafed and Union71, within Pure Health, an integrated healthcare solutions provider in the United Arab Emirates with a diversified services portfolio of hospital management, laboratory services and medical supplies.
Under the terms of the agreement, ADQ will transfer its ownership of Rafed and Union71 to Pure Health and receive a stake in the new end-to-end healthcare services leader providing hospital management, medical screening, lab testing and healthcare procurement. The company will be well positioned to serve hospitals, integrated healthcare systems, healthcare suppliers, the federal government, and others across the spectrum of care throughout the UAE.
H.E. Mohamed Hassan Alsuwaidi, Chief Executive Officer of ADQ, said: “By merging Rafed and Union71 within Pure Health, we continue advancing ADQ’s strategy to grow a provision-centred healthcare and pharma cluster that delivers clinical excellence, optimal healthcare system spend and effective population health management in the UAE. This transaction provides a unique opportunity to create a platform for healthcare support services with greater scale and further synergies in delivering reliable and innovative medical screening and lab testing, medical equipment distribution and group purchasing organisation services.”
His Excellency added: “As Rafed and Union71 prepare to grow beyond servicing Abu Dhabi Health Services Company (SEHA), their merger within Pure Health will allow for higher volume throughput across a broader repertoire of tests and value-driven, centralised healthcare procurement services that will service the needs of healthcare providers in Abu Dhabi, Dubai and the Northern Emirates.”
Farhan Malik, Chief Executive Officer of Pure Health, commented: “Pure Health has become one of the largest healthcare contributors in the UAE, demonstrated through our commitment to excellence and enhancing the quality of care and patient experience in the UAE. As an established lab operator, and now a trusted healthcare partner in hospital management, we are pleased and excited to be broadening our services portfolio under the new merger with Rafed and Union71. We are confident that ADQ’s large healthcare and pharmaceutical portfolio and access to the Abu Dhabi healthcare market will grow our operations and reach across the UAE healthcare ecosystem.”
Mr. Malik added: “People are at the heart of what we do, and at Pure Health we are on a journey to make healthcare efficient by making people live healthier through population health management, where Pure Health will play a key role in preventive health care through early diagnostics, personalized medicine, empowered by healthcare informatics and digital intelligence.”
Pure Health manages a network of hospitals, medical visa screening services and 120 laboratories in the UAE; making it the largest laboratory operator in the GCC. Part of becoming a healthcare support services leader, Pure Health is further enhancing its services through the launch of radiology, dialysis and revenue cycle management services. With strict adherence to high quality standards, Pure Health follows international standards for Quality Management and is accredited through stringent requirements by international bodies such as the Joint Commission International (JCI), and the International Standards Organization (ISO). Additionally, it is the authorised distributor for some of the top brands in the medical supplies business.
Rafed was formed to ensure the availability and quality of essential goods and services to Abu Dhabi’s healthcare sector, which include pharmaceuticals, equipment, diagnostics and consumables, thereby reducing the operating costs of healthcare providers. Rafed primarily specialises in healthcare procurement which include supplier sourcing and contract management, procurement ordering services, warehousing and distribution.
Union71 offers a wide spectrum of testing services, with the long-term aim of supporting clinical workflow through timely, accurate and quality data, building upon ISO15189 and CAP standards. Union71 have complex lab testing capabilities, sub-specialty consultant pathologists, experienced technologists and equipment that is not readily available in other labs in the region, as well as the ability to ramp up quickly during emergency situations.
The merger of Rafed and Union71 within Pure Health will create a robust and synergetic healthcare organization, thereby elevating the UAE’s global position as a leader in healthcare.
The transactions are subject to customary closing conditions, including regulatory approvals.
-Ends -
About ADQ
Established in Abu Dhabi in 2018, ADQ is one of the region's largest holding companies with direct and indirect investments in more than 90 companies locally and internationally. Both an asset owner and investor, ADQ’s broad portfolio of major enterprises span key sectors of a diversified economy, including energy and utilities, food and agriculture, healthcare and pharma, and mobility and logistics amongst others. As a strategic partner of Abu Dhabi’s government, ADQ is committed to accelerating the transformation of the emirate into a globally competitive and knowledge-based economy.
For more information, visit adq.ae or write to media@adq.ae. You can also follow ADQ on Twitter, Instagram and LinkedIn.
About Pure Health
Pure Health is a healthcare solutions provider dedicated to empowering healthcare, and making the business of healthcare run better. Pure Health partners with payers, hospitals, integrated healthcare systems, healthcare suppliers, the federal government, and others across the spectrum of care to build healthier organizations that deliver better care to patients in every setting. Pure Health manage hospitals, operates the largest network of laboratories in the GCC, while also supporting the growing healthcare industry by supplying medical products. Pure Health is committed to making peoples’ lives healthier while also helping healthcare organizations improve their financial, operational, and clinical performance through customised solutions that include supply chain management, healthcare informatics and clinical services.
For more information, visit purehealth.ae or write to mohamed.mostafa@purehealth.ae . You can also follow Pure Health on Facebook, Twitter, Instagram and LinkedIn.
© Press Release 2021
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
