Mubadala Health, the integrated health network of Mubadala Investment Company, and Mumtalakat, the sovereign wealth fund of Bahrain, are exploring a potential joint venture to set up a long-term care and post-acute rehabilitation facility in the Kingdom.
The company said in a statement that the new facility will be operated by Amana Healthcare, a Mubadala Health Partner.
The proposed facility will bring Mubadala Health’s renowned expertise in the field of post-acute health services to the Kingdom of Bahrain to provide the highest quality of treatment to the currently underserved patients requiring long-term care.
Patients with complex medical needs will now be able to receive long-term care and post-acute rehabilitation. The offering of these services within a specialized facility will also alleviate the pressure on the healthcare system by freeing up bed capacity in acute hospitals across the Kingdom, as per the company.
Khalid Al Rumaihi CEO – Mumtalakat
“Our strategic collaboration with Mubadala Health is promising as we share the same level of commitment to building long-term, sustainable partnerships that are aligned with the investment principles and values of our respective organizations. We are committed to investing in Bahrain and supporting the economic growth in the Kingdom by focusing on key economic sectors, including healthcare. Our collaboration with Mubadala Health allows us to explore developing a key healthcare facility that will address a gap and add value to the current Bahrain healthcare ecosystem.”
Mr. Hasan Al Nowais, Chief Executive Officer of Mubadala Health, commented that “the collaboration will bring Mubadala Health closer to achieving its vision of transforming the regional healthcare landscape.”
“Providing high-quality patient care is at the core of everything we do. It is, therefore, a privilege to have the opportunity to share and provide our expertise and knowledge to patients in the wider region and who are currently underserved in this field,” Mr. Al Nowais added.
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