(MENAFN) TVM Capital Healthcare Partners, the Dubai-based private equity firm, said it is planning to invest USD200 million over the next four year to expand its companies across the Gulf Arab region and India, Arabian Business reported.
The private healthcare-focused firm, which has made four investments in the United Arab Emirates since 2009 through its USD120 million fund, said that these investments will help it in providing specialized services in collaboration with its western partners including Germany's Provita and Britain's Bourn Hall International, as well as making a fifth investment, though this time in Egypt by acquiring a majority stake in Ameco Medical Industries, which is expected to be finalized soon.
"Our growth plan is to build these companies into strong entities in the UAE and expand into the other Gulf markets, including an entry to Saudi Arabia, Qatar and Oman markets and beyond," TVM's CEO said.
Healthcare in the Gulf region, which is projected to grow at 12 percent a year to USD69.4 billion by 2018 compared to an estimated USD39.4 billion in 2013, is currently going through a significant boost.
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