The investment arm of the Kingdom of Bahrain, Mumtalakat Holding Company, has announced the recent successful acquisition of an equity stake in KOS Group, a European healthcare group that provides long-term care and rehabilitation services, as well as hospital equipment management, cancer care services and diagnostics.
Based in Italy, KOS Group operates over 76 dedicated healthcare facilities comprising 7,200 beds. The group also operates diagnostics and cancer care services units in India and the UK.
Mumtalakat now hold a significant stake in KOS Group – alongside CIR, the existing majority shareholders. The investment will be facilitated by a consortium organised by a leading Italian infrastructure fund. According to a press release provided by Mumtalakat, 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.”
Mr. Mahmood Hashim Alkhooheji, CEO of Mumtalakat, said “We are pleased to announced our investment in the European healthcare sector. 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.”
On October 31, 2017, Naseba will be hosting the 3rd MENA Private Equity and Venture Capital Summit in Dubai, United Arab Emirates. The primary focus of the summit is to offer a deal flow platform that will introduce representatives of sovereign wealth funds, traditional PE and VC firms, regional conglomerates and family-owned businesses to innovative business cases from around the world.
The summit will combine insightful panels led by key regional and international tech investors and experts and pre-scheduled introductory meetings between up to 30 healthcare, life science and ICT investment opportunities and key regional investors and strategic partners, to raise capital and form strategic and commercial partnerships, in an informed and exclusive environment.
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