Mubadala Health, Mumtalakat consider JV to set up long-term care facility

Mubadala Health and Bahrain Mumtalakat Holding Company (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 Bahrain that will be operated by Amana Healthcare, a Mubadala Health Partner.

With the proposed facility, patients with complex medical needs will be able to receive long-term care and post-acute rehabilitation. The offering of these services within a specialised facility will also alleviate the pressure on the healthcare system by freeing up bed capacity in acute hospitals across Bahrain.

Khalid Al Rumaihi, CEO of Mumtalakat, said: “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 organisations.

“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,” he added.

Hasan Al Nowais, CEO of Mubadala Health commented: “The collaboration will bring Mubadala Health closer in achieving its vision of transforming the regional healthcare landscape. Providing high-quality care to our patients 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.”

In recent news, Mubadala Health and UAE-based G42 Healthcare announced their partnership to create an integrated healthcare company. The new entity will leverage the strength of this combined network, which includes state-of-the-art healthcare facilities and digital platforms.

Read: Mubadala Health, G42 Healthcare partner to create integrated entity