(MENAFN) Al Masah Capital Limited has revealed plans to invest around USD299 million to support the growth and regional expansion of its newly-rebranded healthcare private equity initiative.
The two-year funding plan was announced as the investment firm rebranded its Healthcare MENA Liminted unit to Avivo Group.
This investment will increase the number of healthcare facilities operating under Avivo from 32 to 50 in the next two years, Al Masah said in a statement.
The expansion is set to create more than 1,000 new job opportunities for GCC residents, and at the same time increase the annual reach of the group's medical services to almost 2 million patients all over the GCC region.
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