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MENAFN - Khaleej Times - 24/12/2013

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(MENAFN - Khaleej Times) Alchemist Healthcare, has expanded its presence in the UAE by acquiring a majority stake in the Conceive Gynecology & Fertility Centre in Sharjah.

Alchemist, a UAE based investment company is a wholly owned subsidiary of Healthcare Mena and is managed by Al Masah Capital. It was established in 2010 and is operated by an experienced team of professionals with more than eight years of presence in the Mena healthcare sector.

Its objective is to establish a regional healthcare platform of primary care and diagnostic assets offering a wide spectrum of services and having a footprint stretching from the GCC to North Africa.

Shailesh Dash, CEO of Al Masah Capital and board member of Alchemist, stated: "The inclusion of Conceive Gynecology & Fertility Centre in our health care group is a significant step for our expansion plan. Having invested in six polyclinics and two pharmacies last year, 2013 marks the start of specialised centre network building for Alchemist. After the acquisition of the Specialist Orthopedic Surgery & Physical Rehabilitation Clinic, a specialised orthopedic and physiotherapy centre in Jumeira in March, Alchemist is currently offering its patients fertility treatment services through Conceive Gynecology & Fertility Centre."

Established in 2004, Conceive Gynecology & Fertility Centre was the first centre to offer in-vitro fertilization treatments in Sharjah and is currently one of the most well-known centres in the UAE. Conceive performs more than 3,500 cycles per year for patients from the Mena region as well as Sub-Saharan Africa. The centre is managed by Dr. Pankaj Srivastav, one of in-vitro fertilization's pioneers in the UAE and offers a wide range of infertility treatments including ovulation induction and artificial insemination.

Amitava Ghosal, partner at Al Masah Capital and board member of Alchemist, added: "We are very enthusiastic to work hand in hand with Dr. Pankaj in order to achieve superior growth for Conceive Gynecology & Fertility Centre. We have established an ambitious and detailed expansion plan to strengthen Conceive's capacities and meet increasing population needs in Sharjah as well as Dubai, Abu Dhabi and Al Ain. We are also looking at Oman and Kuwait for further regional expansion."

 






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