PHOTO
Following the recent rebranding announcement in Dubai last October
The partnership is part of Al Masah Capital Limited's AED 1.1 billion investment targeted towards the expansion and growth plans for 'AVIVO GROUP'
Dubai - UAE: 'AVIVO GROUP', the healthcare private equity initiative operating under 'Al Masah Capital Limited', one of the region's leading alternative investment and asset management firms, announced today that it has successfully entered into a partnership with the Dubai-based 'Dr Michael's Dental Clinic' (DMDC).
The new partnership follows the recent rebranding of the group, known previously as 'Healthcare Mena Limited' (HML). The rebranding was announced during a press conference held last October in Dubai, where 'Al Masah Capital Limited' revealed plans to invest AED 1.1 billion in AVIVO GROUP's expansion and acquisition strategy all over the GCC region and South East Asia. With this partnership, AVIVO GROUP increases its healthcare network to 32 facilities in 4 major GCC cities.
Shailesh Dash, CEO and Founder of 'Al Masah Capital Limited' and Chairman of 'AVIVO GROUP', commented, "We are delighted to announce this partnership that takes us another step forward with the implementation of the growth strategy we have announced during AVIVO GROUP's launch conference earlier this month. From the 32 facilities we currently operate, our objective is to reach 50 facilities and to be present in 5 of the 6 Gulf countries within the next two years."
'Dr Michael's Dental Clinic' is a chain of specialized dental centers offering high quality comprehensive and specialized dentistry and oral surgery out of three facilities in Dubai. The dental chain offers the highest level of dental services by internationally qualified doctors using the latest technologies and highest quality materials. It commenced its operations in 1997, and currently provides its patients with a wide range of treatments through a team of experienced professionals specialized in cosmetic dentistry, implantology, pediatric dentistry and orthodontics. 'Dr Michael's Dental Clinic' enjoys an exceptional reputation, and is recognized for the excellent quality of its doctors and dentistry services in Dubai.
Amitava Ghosal, Executive Board Member and CEO of 'AVIVO GROUP' said, "This partnership enables 'AVIVO GROUP' to further enhance its specialized service offering in the region. 'Dr Michael's Dental Clinic' is one of the most recognized names in the dental care segment in Dubai due to the very high quality of its medical services. We are planning to expand the scope further and contribute to 'Dr Michael's Dental Clinic' by accelerating its growth both within the UAE and in the region thus providing quality dentistry services to a growing regional population."
Michael Formenius, Founder of 'Dr Michael's Dental Clinic' said, "As a leading provider of dental services in Dubai, we are pleased to be able to join this partnership and believe that it will contribute to improve the performance of the clinic and to significantly increase its presence in the region. We look forward to sharing expertise and collaborating with 'AVIVO GROUP' to ensure that we are able to develop and deliver the highest standard of care to our patients."
-Ends-
About AVIVO GROUP:
'AVIVO GROUP' is the rebranded identity of well-established healthcare private equity initiative, 'Healthcare MENA Limited' (HML). Operating under 'Al Masah Capital Limited', one of the region's leading alternative investment and asset management firms, 'AVIVO GROUP' owns and operates world-class healthcare facilities across the GCC with the aim of delivering excellence and accessibility in healthcare to local populations. 'AVIVO GROUP' currently owns and operates 32 healthcare facilities, including 2 highly reputed hospitals, 14 speciality centres, 8 high-end dental centres, 6 pharmacies, and 2 state of the art diagnostic facilities. Those include 'AVIVO GROUP Hospitals', specialised 'AVIVO GROUP Clinics', and accessible 'PrimaCare Clinics' and 'PrimaCare Pharmacies'. 'AVIVO GROUP' employs 200 doctors, specialized in 22 medical specialities, and has a staff capacity of more than 1000 experienced and well trained medical professionals. Annually, 'AVIVO GROUP' offers world class medical services to more than 1.3 million patients. The name 'AVIVO' is derived from the Latin verb "Avivar", which means to brighten, cheer up or enliven. 'AVIVO GROUP' stands for excellent healthcare that is accessible and reliable. As a brand, 'AVIVO GROUP' is committed to enhancing the lives of people through world-class healthcare. There are immediate future plans to expand into new Gulf markets while creating new healthcare assets in existing ones.
About Al Masah Capital Limited:
'Al Masah Capital Limited' is one of the region's leading alternative investment and asset management firms. It was established in 2010 to offer investment management expertise and alternative investment opportunities across the MENA region. Under the expertise of its Founder and CEO, Mr. Shailesh Dash - who is considered one of the region's most prolific and successful private equity investors - 'Al Masah Capital Limited' has proved itself a robust vehicle for generating sustainable returns generated via high performing alternative assets. Al Masah Capital Limited's investment philosophy involves the creation of investor value by focusing on sectors that are socially relevant and benefit society, governments and a variety of other stakeholders. The firm is actively investing in education, healthcare and F&B, and also holds a strong portfolio of investment streams in the logistics industry. As an asset management and alternative investments expert, 'Al Masah Capital Limited' is set apart by its understanding of regional market dynamics, which allows it to identify, and take advantage of, sustainable opportunities within sectors demonstrating latent demand. 'Al Masah Capital Limited' operates one of the region's best performing private equity funds.
For more information, please contact:
Maan Dalghan - Public Relations Director
Quill Communications
Mobile: +971 52 9933298 - +971 50 4735351
Email: mdalghan@quillmena.com
Rabih Saab - Public Relations Manager
Quill Communications
Mobile: +971 55 5661370 - +971 56 1035641
Email:rsaab@quillmena.com
© Press Release 2015
