IHC acquires 40 percent stake in Response Plus Medical Services
Abu Dhabi-based conglomerate, International Holding Company (IHC), has acquired 40 percent stake in Response Plus Medical Services (RPM) through one of its subsidiaries. RPM has become one of the UAE’s largest provider of on-site healthcare management and medical emergency transfers from remote work sites. It provides medical support for oil and gas sector, chemical industries, construction sites, site clinics and ambulance services.
According to a statement from Syed Basar Shueb, CEO and Managing Director of IHC, the company plans to combine the capabilities of both companies to create considerable synergy and support a significant push into the GCC and Africa in the next five years where this type of on-site healthcare management and medical emergency transfers is needed.
RPM has been present in Saudi Arabia and Oman since 2019 and has further strategic plans to expand across the rest of the GCC, Africa (Ghana and Nigeria) and India over the next five years.
Shueb added, “IHC has a mission to transform healthcare and this acquisition expands our reach, scale and expertise to pursue our commitment on a truly regional and international level. RPM had more than 2 million people visit their 200 site clinics in 2020.”
RPM now operates more than 200 site clinics as well as the largest fleet of ambulances in UAE. RPM is a unit of VPS Healthcare Group of Companies
Over the last six months, IHC and its subsidiaries announced the pre-launch of the UAE’s first virtual wellness and prevention platform, HealthU; investments in UK-based DNA sequencing firm Oxford Nanopore Technologies, Quantlase Lab and Tamouh Healthcare, which recently developed the concept of Containerized Aid for Respiratory Emergencies, turning modular containers into fully equipped medical field hospitals such as Sheikh Mohammed Bin Zayed Field Hospital which was completed in early March near Darfur, Sudan.