Mubadala Health to acquire a 60% stake in Uemedical from Jadwa Investment and UEG.

Mubadala Health, the integrated healthcare network of Mubadala Investment Company, agreed to acquire a 60% stake in United Eastern Medical Services, a healthcare development and investment company, from Jadwa Investment, a private equity firm, and United Eastern Group, a diversified business group engaged in oil and gas services. The transaction is anticipated to close by September 2021. Financial terms were not disclosed. "Over the past decade, UEMedical has witnessed tremendous growth and success, operating facilities that have raised the bar in patient care across multiple specialties. This acquisition enhances Mubadala Health’s network in the UAE and the wider GCC region, while demonstrating our unwavering commitment to transforming the regional healthcare landscape by delivering a full range of healthcare services covering every phase of a patient’s life," Hasan Jasem Al Nowais, Mubadala Health CEO.