5 Notable Healthcare M&As in MENA

Despite PwC reporting a 35.6% drop in deal volume in the Middle East's healthcare sector last year, the region witnessed a wave of high-profile mergers and acquisitions in 2023, as companies consolidated their positions, expanded globally, and innovated within the industry.

- 

Here are the details on five of the top deals.

Amanat Holdings acquires a majority stake in Sukoon through a merger with CMRC

In April 2023, Dubai’s Amanat Holdings completed a majority stake acquisition in Saudi Arabia’s Sukoon International Holding Company through a strategic merger with the Cambridge Medical & Rehabilitation Center. This merger, executed through a non-cash share swap, forms the largest pan-GCC postacute care provider, with an operational capacity of 400 beds, and plans to expand to 1,000 beds within three years. Amanat Holdings owns nearly an 85% stake in the new entity. The company’s new healthcare platform, Amanat Healthcare, unifies the company’s portfolio of top-tier healthcare assets into one single entity.

G42 Healthcare merges with Mubadala Health to create M42