Mubadala Health Buys Majority Stake in UEMedical
Posted on 06/16/2021
Abu Dhabi-based Mubadala Investment Company is buying a 60% stake in United Eastern Medical Services LLC (UEMedical), an operator of medical facilities in the United Arab Emirates and Saudi Arabia. The sellers are Saudi private equity group Jadwa Investment and United Eastern Group.
Mubadala bought the stake through its unit Mubadala Health.
Mubadala Health was advised by Rothschild & Co.
The deal is expected to close in September 2021.
Earlier in June, an affiliate of Cerberus Capital Management LP and Abu Dhabi-based Olive Rock Partners acquired a stake in UEMedical.
