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Highlights
ADQ, one of the region’s largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi’s diversified economy, signed an agreement to merge its healthcare support services entities, Rafed and Union71, within Pure Health, an integrated healthcare solutions provider in the United Arab Emirates with a diversified services portfolio of hospital management, laboratory services and medical supplies.
Under the terms of the agreement, ADQ will transfer its ownership of Rafed and Union71 to Pure Health and receive a stake in the new end-to-end healthcare services leader providing hospital management, medical screening, lab testing and healthcare procurement. The company will be well positioned to serve hospitals, integrated healthcare systems, healthcare suppliers, the federal government, and others across the spectrum of care throughout the UAE.
Pure Health manages a network of hospitals, medical visa screening services and 120 laboratories in the UAE; making it the largest laboratory operator in the GCC. Part of becoming a healthcare support services leader, Pure Health is further enhancing its services through the launch of radiology, dialysis and revenue cycle management services. With strict adherence to high quality standards, Pure Health follows international standards for Quality Management and is accredited through stringent requirements by international bodies such as the Joint Commission International (JCI), and the International Standards Organization (ISO). Additionally, it is the authorised distributor for some of the top brands in the medical supplies business.
Rafed was formed to ensure the availability and quality of essential goods and services to Abu Dhabi’s healthcare sector, which include pharmaceuticals, equipment, diagnostics and consumables, thereby reducing the operating costs of healthcare providers. Rafed primarily specialises in healthcare procurement which include supplier sourcing and contract management, procurement ordering services, warehousing and distribution.
Union71 offers a wide spectrum of testing services, with the long-term aim of supporting clinical workflow through timely, accurate and quality data, building upon ISO15189 and CAP standards. Union71 have complex lab testing capabilities, sub-specialty consultant pathologists, experienced technologists and equipment that is not readily available in other labs in the region, as well as the ability to ramp up quickly during emergency situations.
The merger of Rafed and Union71 within Pure Health will create a robust and synergetic healthcare organization, thereby elevating the UAE’s global position as a leader in healthcare.
The transactions are subject to customary closing conditions, including regulatory approvals.
About ADQ
Established in 2018, ADQ is an active global sovereign investor with a focus on critical infrastructure and supply chains. As a strategic partner to the Government of Abu Dhabi, ADQ invests in the growth of business platforms anchored in the Emirate that deliver value to local communities and long-term financial returns to its shareholder. ADQ’s expanding portfolio has a total book value of USD 225 billion (as at 30 June 2024) and encompasses companies across numerous core sectors of the economy, including energy and utilities, transport and logistics, food and agriculture, and healthcare and life sciences.
For more information, visit adq.ae or write to media@adq.ae. You can also follow ADQ on Instagram, LinkedIn, and X.
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