Bahrain's GFH Financial Group acquires U.S. medical clinics portfolio in $400 million deal
In October 2022, Bahrain-based GFH Financial Group purchased 11 medical offices and clinics in the U.S. with a total value of $400 million. These medical facilities are spread over four U.S. states-California, Texas, Maryland, and Louisiana-with a combined property size of more than a million square feet. GFH has assets valued at $1 billion in the U.S. medical office building category. In January 2023, GFH acquired Big Sky Asset Management in the U.S., which has $2 billion in cumulative transaction value and 130 medical facilities. GFH had a market capitalization of $927.5 million as of February 14, 2023.
Mubadala Health and G42 Healthcare merge to create a new healthcare company
In October 2022, Abu Dhabi's sovereign investment firm, Mubadala, merged its healthcare segment with the healthcare business of Abu Dhabi-based cloud computing and Al technology company G42, to create a new, unified healthcare company. The new company will be vertically integrated as a result of the combined capital investments from both Mubadala and G42.
The U.A.E.'s Amanat Holdings acquires a 60% stake in Human Development Company (HDC)
This story is from the March 2023 edition of Forbes Middle East - English.
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This story is from the March 2023 edition of Forbes Middle East - English.
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