UAE’s IHC acquires 40% stake in Response Plus Medical Services

By Shilpa Annie Joseph, Desk Reporter
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RPM
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Abu Dhabi-based International Holding Company (IHC) has acquired a 40 percent stake in the region’s largest healthcare group Response Plus Medical Services (RPM) through one of its subsidiaries.

Established in 2010, RPM has become one of the UAE’s leading providers of on-site healthcare management and medical emergency transfers from remote work sites. It offers medical assistance to the oil and gas industry, chemical industries, construction sites, site clinics, and ambulance services.

RPM made its mark in Saudi Arabia and Oman in 2019 and has additional strategic plans to expand across the GCC, Africa (Ghana and Nigeria), and India over the next five years. RPM now has over 200 site clinics and the largest ambulance fleet in the UAE.

Syed Basar Shueb
CEO & MD
IHC

“IHC has a mission to transform healthcare and this acquisition expands our reach, scale, and expertise to pursue our commitment on a truly regional and international level. RPM had more than 2 million people visit their 200 site clinics in 2020. With our own primary and secondary care companies and clinics, we will be able to create considerable synergy and support a significant push into the GCC and Africa in the next five years where this type of on-site healthcare management and medical emergency transfers is needed.”

Dr. Shamsheer Vayalil, Chairman and Managing Director VPS Healthcare, RPM’s parent company said, “In over a decade, we have built RPM into a trusted and reliable brand. Our strength and presence have grown such that we are capable of handling on-site healthcare management and medical emergency transfers throughout the Middle East.

“IHC shares these values, and we firmly believe that this strategic partnership will benefit both of us. Combining the strengths and visions of both entities, we look forward to making a meaningful difference in today’s complex healthcare landscape,” Dr. Vayalil added.

Related: IHC secures 45% stake in UAE’s Alpha Dhabi Holding


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