Latest news with #Medeor24x7
Yahoo
4 hours ago
- Business
- Yahoo
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.
Khaleej Times
11 hours ago
- Business
- Khaleej Times
Burjeel Holdings acquires Medeor Hospital, Dubai building
Burjeel Holdings, a leading super-specialty healthcare provider in the MENA region, has announced the acquisition of the Medeor 24x7 Hospital building in Dubai for Dh170 million. This acquisition aligns with the Group's long-term strategy to enhance operational control, reduce fixed lease liabilities, and reinforce its asset base in strategic locations. The Medeor 24x7 Hospital, located near BurJuman, Bur Dubai, has served as a trusted community healthcare provider for over a decade. Prior to the acquisition, the facility was operated under a long-term lease agreement with a remaining fixed rental commitment of approximately Dh343 million over the next 15 years. This strategic transaction eliminates that significant liability and replaces it with asset ownership in a high-performing and strategically located facility. By securing full control of the hospital, Burjeel Holdings ensures uninterrupted operations, safeguards established brand equity, and avoids the risks and costs associated with relocation. The move enhances operational flexibility, allowing for future expansion, reconfiguration, and diversification of services without landlord restrictions. The hospital's infrastructure is already optimized for efficient healthcare delivery and supports potential upgrades such as day surgeries, specialty clinics, or centers of excellence. The hospital's central location and strong patient volumes align with Burjeel Holdings' regional growth objectives. As part of its long-term strategy, the Group is prioritizing increased presence across Dubai and the Northern Emirates, regions with strong demographic demand and high potential for scalable service delivery. John Sunil, CEO of Burjeel Holdings, said: 'This acquisition reflects our disciplined capital strategy and commitment to long-term value creation. 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.' Established in 2015, Medeor 24x7 Hospital is a multi-specialty family hospital located in Dubai. It offers a wide range of services. The hospital was accredited by JCI and houses a College of American Pathologists accredited laboratory.
