Burjeel announces acquisition of Medeor 24×7 Hospital in Dubai
Burjeel has acquired the Medeor 24x7 Hospital building located in Dubai in a deal valued at Dh170m ($46.28m) for optimising long-term cost structure.
This strategic decision is in line with the group's strategy to improve operational control and minimise fixed lease liabilities.
Situated near BurJuman in Bur Dubai, the Medeor 24x7 Hospital operated under a long-term lease earlier with a remaining commitment of Dh343m over the next 15 years.
The latest acquisition removes a substantial fixed rental liability.
The acquisition grants Burjeel full control over the hospital's operations, ensuring continuity and protecting the brand's equity. It also eliminates the risks associated with potential relocation, providing operational flexibility for future expansions and service diversification.
Its prime location and robust patient volumes support Burjeel's growth plans in Dubai and the Northern Emirates. These regions are identified as key areas for increasing presence due to strong demographic demand and service scalability.
Burjeel Holdings CEO John Sunil said: "By transitioning from leasehold to ownership in a key market, we reinforce our operational resilience and strengthen our platform for growth.
'Dubai, along with the Northern Emirates, remains a central focus of our expansion strategy, and securing full control of this asset enables us to deepen our presence and better serve these high-demand markets."
Medeor 24x7 Hospital, established in 2015, is a multi-specialty family hospital offering services including congenital malformation surgeries of the brain and spine, mother and childcare, cardiology, urology, pulmonology.
It is accredited by the Joint Commission International and features a laboratory accredited by the College of American Pathologists.
The move comes after Burjeel has inaugurated four new centres under its Alkalma mental health and well-being platform to broaden access to specialised mental healthcare.
"Burjeel announces acquisition of Medeor 24×7 Hospital in Dubai" was originally created and published by Hospital Management, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
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