Dubai Investments Acquires Full Ownership of Clemenceau Medical Centre Dubai - Business Today Middle East
Dubai Investmentshas completed the acquisition of the remaining80% stakeinClemenceau Medical Centre Dubai (CMC Dubai), increasing its ownership from20% to 100%and making the hospital a wholly owned subsidiary. . .
Dubai Investmentshas completed the acquisition of the remaining80% stakeinClemenceau Medical Centre Dubai (CMC Dubai), increasing its ownership from20% to 100%and making the hospital a wholly owned subsidiary of the Group. The acquisition was executed throughDubai Investments Industries, the company’s wholly owned subsidiary, reinforcing the Group’s long-term commitment to expanding its presence in the UAE’s healthcare sector. Located inDubai Healthcare City,CMC Dubaihas established itself as a leading healthcare provider since opening in 2020, earning a strong reputation for clinical excellence, specialised medical services and the delivery of complex medical procedures. The hospital currently operatesmore than 100 inpatient beds, serving patients across a wide range of specialties. Commenting on the acquisition,Khalid bin Kalban, Vice Chairman and CEO ofDubai Investments, said the move reflects the Group’s confidence in the long-term growth prospects of the healthcare industry and aligns with its strategy of increasing ownership in high-quality businesses where it can create greater value through active management and long-term investment. He added that full ownership will provide Dubai Investments with greater strategic and operational flexibility, enabling the Group to support CMC Dubai’s future expansion, enhance its specialised healthcare services and fully capitalise on the hospital’s long-term growth potential. The acquisition further strengthens Dubai Investments’ healthcare portfolio while positioning the Group to benefit from rising demand for high-quality healthcare services in the UAE.