Healthcare provider Medcare acquires 60% of Skin111 Clinics Healthcare provider Medcare acquires 60% of Skin111 Clinics
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Healthcare provider Medcare acquires 60% stake in Skin111 Clinics

Healthcare provider Medcare acquires 60% stake in Skin111 Clinics

This acquisition will boost Medcare’s plans to emerge as an international hub for health, beauty and wellness, adding to its existing network of four hospitals and over 20 medical centres in the UAE

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MedCare and Skin111 sign acquisition agreement

Medcare, the premium healthcare provider under the Aster DM Healthcare umbrella, has acquired a 60 per cent share in Skin111 Clinics.

The chain of clinics specialises in bespoke beauty, anti-ageing, aesthetic dermatology and general medicine, offering patients customised invasive and non-invasive beauty treatments.

This acquisition will accelerate Medcare’s plans to emerge as an international hub for health, beauty and wellness, adding to its existing network of four hospitals and over 20 medical centres in the UAE.

“Skin 111, the name itself talks about the three layers of the skin. It is our biggest organ and our connection between the external world and our inner body. External factors like heat, air conditioning, etc., affect the quality of our skin. Similarly, the effects of our diet, sleep, travel, and stress becomes evident through the skin texture, laxity and glow. With the acquisition of Skin111, we are entering into a niche area of looking at effective and exciting new skin care services with infusions such as NAD plus, vitamin boost etc., that provide that extra care for our skin and body. We are excited to partner with Dr Shahram Nabili on this unique and niche area of immense interest amongst the tourists and residents alike in Dubai,” said Alisha Moopen, deputy MD at Aster DM Healthcare.

Dr Shanila Laiju, group CEO of Medcare Hospitals and Medical Centres, said, “We are pleased to announce our foray into the beauty and wellness segment of the healthcare sector. The acquisition of Skin111 is part of our overall strategy to expand the scope of our operations and become leaders in aesthetic and antiaging segments in the UAE contributing to Dubai’s vision to become a medical tourism hub within the region.”

She added: “We are advancing our healthcare service strategy to provide holistic health solutions to our patients in the UAE and other parts of the world. The Skin111 acquisition will enable us to meet the cosmetic and aesthetic needs of our patients. Our objective is to address beauty & wellness as a fully functioning system, driven by practice-led services and personalised technology to create better experiences for our patients.”

Following the confirmation of the partnership, Dr Sharam Nabili CEO of Skin111 will continue to lead the clinics’ operations under the Medcare umbrella.

Dr Shahram Nabili, CEO of Skin111, said, “Medcare is the right partner for us bringing their high-ranking reputation as a healthcare excellence leader in the UAE. We expect this partnership will take Skin111 to the next level in providing bespoke medical and well-being services to patients from different parts of the world. This also enhances Skin111’s value significantly in offering customers a truly world-class experience. Our unique focus on novel rejuvenation and antiaging techniques allows us to offer vitamin and mineral analysis leading to scientifically backed tailor-made treatment plans for all our clients. We look forward to this journey alongside Medcare.”

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