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This investment reflects Mumtalakat's continued efforts to grow and diversify its investment portfolio
Manama, Kingdom of Bahrain - Bahrain Mumtalakat Holding Company ("Mumtalakat"), the investment arm of the Kingdom of Bahrain, announces its successful acquisition of an equity stake in KOS Group, a leading European healthcare group focused on long-term care and rehabilitation services, with additional activities in hospital equipment management, diagnostics and cancer care services. This investment reflects Mumtalakat's continued commitment to grow its portfolio across multiple sectors and geographies.
Founded in 2003, KOS Group is a leading healthcare group in Italy that operates in the area of social health, residential care for chronic illnesses, rehabilitation and mental health services, and management of medical equipment and diagnostic centres. It has over 76 dedicated facilities comprising of 7200 beds, including nursing homes, rehabilitation centres, hospitals, and mental health clinics. Additionally, the group has an international presence through its diagnostics & cancer care services unit in the UK and India.
Mumtalakat will hold a significant minority stake alongside CIR, the founders and existing majority shareholders of KOS Group, and will be engaged in key decisions through its representative on the board of the investment vehicle. Mumtalakat's investment will take place through a consortium organised by F2i, the leading Italian infrastructure fund, and including one other international investor.
The acquisition highlights Mumtalakat's objective to invest in the healthcare sector, which is projected to steadily grow regionally and internationally. Mumtalakat aims to support KOS Group's potential expansion into the Kingdom of Bahrain and the broader GCC market.
Commenting on this successful acquisition, Mr. Mahmood Hashim Alkooheji, Chief Executive Officer of Mumtalakat said: "We are pleased to announce our investment in the healthcare sector in Europe. The healthcare sector has solid growth potential, and this transaction is aligned with our objectives to create a diversified, global portfolio and achieve sustainable investment returns."
"As a value adding, long-term partner, Mumtalakat aims to support KOS Group's expansion initiatives as well as its plans to establish a foothold in the Kingdom, which will act as a platform to serve the high growth Post-Acute Care sector in the GCC." Alkooheji added.
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About Mumtalakat
Mumtalakat is a holding company mandated to grow the wealth of Bahrain through long-term investments based on sound financial, strategic and governance principles. Mumtalakat holds stakes in over 40 commercial enterprises, with a portfolio spanning a variety of sectors, including industrial manufacturing, financial services, telecommunications, real estate, logistics, consumer products and education.
Bahrain Mumtalakat Holding Company:
Fatema Alkhan
Corporate Communications
Direct: +973 1756 1282
Email: fatema.alkhan@bmhc.bh
© Press Release 2016
