GE Healthcare and Gulf Capital in Strategic Alliance to Provide Healthcare Services Across MENA Region
The private equity firm Gulf Capital and General Electric's Healthcare Division, GE Healthcare, are joining forces in an effort to start a chain of healthcare services and diagnostic centers in the Middle East and North Africa (MENA) region. The partnership revolves around Gulf Capital either acquiring relevant companies already in business or starting new ventures while GE Healthcare will provide support via access to their international commercial products as well as corporate solutions and services. The chain of service centers will initially be rolled out in Egypt and Saudi Arabia offering medical imaging, physiotherapy, and dialysis, laboratory and oncological services as well. The chain will be moved on to other countries as business opportunities arise in the future. GE Healthcare and Gulf Capital will be working closely with GE Capital Markets Corporate (CMC) which will provide financing solutions for the partnership including equipment financing and financial advisory services. As part of the deal, Gulf Capital will also gain access to GE Healthcare strategic and financial partners as well as GE's full list of global business practices as well as the GE toolkit for best business practices. The partnership looks to make a proactive move to provide advanced diagnostic capabilities in the Middle East as the region is seeing an increased incidence of diseases relating to lifestyle such as diabetes, heart conditions and obesity-related problems. Companies Mentioned: Gulf Capital - Founded in 2005, Gulf Capital is a private equity firm that focuses on creating growth through acquisitions and proactive management techniques employed in companies in their portfolio. GE Healthcare - GE Healthcare is a unit of the General Electric Company that focuses on medical technology and services including medical diagnostic equipment, information technology and patient monitoring systems. GE Capital Markets Corporate (CMC) - GE Capital is the financial services arm of General Electric International Incorporated. They provide a wide range of financial products and services to business clients, as well as developing strategic partnerships that hinge upon GE's other industry specific branches.