Abu Dhabi-based holding company ADQ is merging its healthcare support service entities Rafed and Union71 within the UAE’s leading laboratory consulting and medical supply company, Pure Health.
Under the terms and conditions of the agreement, ADQ will shift its ownership to Pure Health and acquire a share in the new healthcare services provider.
ADQ said in a statement that 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.”
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,” as per the statement. The deals are subject to standard closing conditions, which include regulatory approvals.
“By merging Rafed and Union71 within Pure Health, we continue advancing ADQ’s strategy to grow a provision-centered healthcare and pharma cluster that delivers clinical excellence, optimal healthcare system spends, 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 organization services. 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, centralized healthcare procurement services that will serve the needs of healthcare providers in Abu Dhabi, Dubai, and the Northern Emirates.”
Farhan Malik, CEO of Pure Health said, “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.”
“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,” Mr. Malik added.