Amanat acquires majority stake in Bahrain hospital

DUBAI / Emirates Business

Amanat Holdings, the GCC’s largest healthcare and education investment company, announced it has acquired a majority stake of 69.3% in the Royal Hospital for Women in Bahrain for AED141.7 million. The acquisition is in line with Amanat’s investment criteria to acquire high quality assets where it can generate long-term sustainable value. It takes Amanat’s total investments in leading assets to AED2 billion, composed of three education assets, three healthcare assets and one social infrastructure asset representing 46%, 35% and 19% of its total invested capital respectively.
The Royal Hospital for Women will be a medical center of excellence specializing in the needs of women and children with a wide range of clinical services, including obstetrics, assisted conception, pre-natal and post-natal care and gynecology. The Royal Hospital for Women will also include an emergency monitoring unit and the only Neonatal Intensive Care Unit (“NICU”) among Bahrain’s private hospitals.
Hamad Abdulla Alshamsi, Chairman of Amanat, said: “We are excited about this acquisition and its growth potential, underpinned by the favorable macroeconomic environment, the improved healthcare coverage in the Kingdom of Bahrain, the increase of private healthcare coverage and the unique and specialized service offering of the Royal Hospital for Women. Building on the firm’s strengths, Amanat is focussed on investment opportunities in the healthcare and education sectors in the GCC and beyond. With the completion of this investment, Amanat’s total deployment has reached 79% of its AED 2.5 billion paid-up capital in leading businesses.