DUBAI: International Holding Company (IHC), an Abu Dhabi-based conglomerate, has acquired a 40 percent stake in emergency health care provider Response Plus Medical Services (RPM).
RPM offers on-site health care management and medical emergency transfers from remote work sites – usually for the oil and gas sector, chemical industries, as well as construction sites.
“IHC has a mission to transform health care and this acquisition expands our reach, scale and expertise to pursue our commitment on a truly regional and international level,” IHC chief Syed Basar Shueb said in a statement.
The acquisition will allow UAE-based RPM to further expand to other Gulf countries, as well as in the African continent where on-site health care management is crucial, he added.
RPM already has a presence in Saudi Arabia and Oman since 2019. It currently has more than 200 site clinics, and operates the largest fleet of ambulances in the UAE.
IHC has been investing in the health care industry over the last six months including in UK-based DNA sequencing firm Oxford Nanopore Technologies, Quantlase Lab, and Tamouh Healthcare.