An investment consortium completed the acquisition of a majority stake in UEMedical.

An investment consortium agreed to acquire a majority stake in United Eastern Medical Services, a specialty healthcare provider based in Abu Dhabi. Financial terms were not disclosed. The consortium included Cerberus Capital, Abu Dhabi Catalyst Partners, Mubadala and Olive Rock Partners. “We are excited to partner with the UEMedical team and shareholders to further enhance the growth of this exceptional platform within Abu Dhabi and its neighboring Emirates as well as abroad, focusing initially on Saudi Arabia,” Muhannad Qubbaj, Olive Rock Founding Partner.