Alkhabeer Capital acquires majority stake in Alajaji Group

Updated 28 September 2014
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Alkhabeer Capital acquires majority stake in Alajaji Group

Alkhabeer Capital, a major asset management and investment firm based in Saudi Arabia, and authorized by the Capital Market Authority, has announced that as part of its SME private equity strategy, it has acquired a majority stake in Dr. Omar Suliman Al-Ajaji Medical Company (Alajaji Group).
Founded in 1995 by Dr. Omar Al-Ajaji and headquartered in Riyadh, Saudi Arabia, the Al-Ajaji Group owns and operates four polyclinics and five pharmacies in the capital. The company has grown steadily since its foundation, providing health care services primarily to resident expatriates in the Kingdom.
Alkhabeer Private Equity aims to build a successful partnership with Dr. Omar Al-Ajaji and to support the growth of the company by opening additional polyclinics and diversifying the offering of treatments and specialties at the existing facilities.
Ahmed S. Ghouth, Alkhabeer Capital's deputy CEO, said: “As Alkhabeer continues to expand its focus on new investment strategies in the region, I am excited about our partnership with Dr. Omar Al-Ajaji and confident that we can contribute to the continued development of Al-Ajaji Group as it grows its reputation as one of the leading polyclinic operators in the Kingdom”.
Dr. Omar Al-Ajaji, Al-Ajaji Medical Company CEO, commented: “This partnership with Alkhabeer Capital represents a critical milestone in the evolution of Al-Ajaji Group and supports our goal of becoming one of the leading polyclinic brands in our target market.
The resident expatriates market represents significant growth potential. Its population is expected to grow by 5.6 percent annually over the next five years, and we are uniquely placed to benefit from this growth.”


CMRC admits first patients to new Saudi clinic

Updated 21 May 2019
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CMRC admits first patients to new Saudi clinic

Cambridge Medical and Rehabilitation Center (CMRC), a top post-acute rehabilitation and long-term care facility in the UAE, has admitted 15 patients to its first medical facility in Saudi Arabia. 

CMRC’s new 60-bed clinic, located between Dhahran and Alkhobar, aims to help patients requiring post-acute care and rehabilitation services to make large improvements in their quality of life through multidisciplinary rehabilitative therapies including physiatry, physiotherapy, occupational therapy, speech and language therapy, and multi-sensory room sessions. 

The facility is staffed by multiple clinical experts including GPs, internal medicine consultants, pediatricians, ICU intensivists, rehabilitation consultants, psychologists and therapists, and will service patients across the eastern region of Saudi Arabia. 

It follows the same clinical procedures and protocols successfully implemented in facilities in the UAE, similarly benefiting from the center’s international partnership with the Spaulding Rehabilitation Network, a teaching affiliate of Harvard Medical School, and accreditations from Joint Commission International, CARF and Planetree.

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CMRC, a portfolio company of health care specialist investor TVM Capital Healthcare, also operates facilities in Abu Dhabi and Al-Ain in the UAE.

CMRC Group CEO Dr. Howard S. Podolsky said: “We expand into countries where there is notable demand for post-acute care and rehabilitation services. Like many countries around the world, Saudi Arabia is experiencing a rise in the incidence of non-communicable diseases, birth defects, and life-threatening injuries. Our new facility brings our world-class medical treatment, care, and rehabilitation therapies to the Kingdom through a truly patient-centric approach.”

He added: “We look forward to helping families in the region improve their quality of life and using our international expertise and specialized workforce to support the government of Saudi Arabia’s focus on health care development, as part of Saudi Vision 2030.” 

CMRC, a portfolio company of health care specialist investor TVM Capital Healthcare, also operates facilities in Abu Dhabi and Al-Ain in the UAE.

Dr. Helmut Schuehsler, CEO of TVM Capital Healthcare and board member of CMRC, said: “We believe that private equity investment should be a force for good, and that by working in health care, we have a real opportunity to make a difference to patients’ lives. Therefore, we conceptualized and invested in CMRC in the UAE to cater to those in need of post-acute care and an elevated level of rehabilitation. CMRC grew to be the leading post-acute care and rehabilitation provider in the UAE. We are very happy to bring the offer to the people of Saudi Arabia now.”

CMRC offers both inpatient services at its medical centers and outpatient therapy, where patients follow a rehabilitation program after discharge. The company employs more than 500 staff members across all facilities.