On Monday, Burjeel Holdings PLC, an ADX-listed super-specialty healthcare services provider, announced that it had signed a framework agreement for a joint venture with Keralty S.A.S, a multinational health organization headquartered in Colombia, to establish Al Kalma.
The contract was signed in Colombia’s Cartagena de Indias. Through facilitating access to reasonably priced, high-quality healthcare, the alliance hopes to improve well-being along the entire value chain.
Al Kalma, which means “united for health and well-being,” aims to serve almost 30 million patients over the next ten years by combining a novel value-based healthcare model with specialized primary care centers, health risk management, and a new suite of integrated mental health services.
The joint venture partnership will be run through a recently formed holding company registered under the Abu Dhabi Global Market jurisdiction. Each Burjeel Holdings and Keralty will own an equal fifty percent of the shares.
With the potential to expand into North Africa, the strategic partnership combines the experience and knowledge of both groups for a quick roll-out in the Middle East. Taking advantage of the Saudi healthcare market’s transition to a primary healthcare model, the joint venture will make its debut in Saudi Arabia. The partnership seeks to expand services beyond the region through market analysis and strategy implementation at the national level.
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