Posted by Bob Brunskill
The level of private equity investment in the Gulf Cooperation Council's (GCC) healthcare sector is rising strongly, it has been observed.
Speaking at the second annual Hospital Build Middle East Exhibition & Congress, which was held at the Dubai International Convention and Exhibition Centre, Imad Ghandour, executive director of Gulf Capital, noted that healthcare is now a leading sector for private equity firms in the region.
Private equity investment firms operating in the GCC currently have a high interest in investing in diagnostics, pharmacies and generic pharmaceuticals, he added.
Gulf Capital also reported that around 75 to 132 new hospitals are expected to be built with a combined construction value of US $ 17,917 million in the near future.
"Private equity investment firms, both regionally and internationally based, are continuing to acquire strategic or controlling stakes in highly profitable and fast growing healthcare companies in the Gulf region and, through active ownership, accelerate their growth and profitability ahead of an eventual exit," said the company.
Gulf Capital recently partnered with GE Healthcare to acquire 75 per cent of Technoscan, the largest private chain of imaging centres operating in Egypt.