Abu Shoosha Financial Services K.S.C and Mubadala Health jointly explore establishing a long-term care facility in Kuwait
- Abu Shoosha Financial Services K.S.C and Mubadala Health look to broaden healthcare outreach to patients in the region
- Facility looks to address the underserved market of long-term care in Kuwait
- The collaboration introduces a new model of care that will support Kuwait in providing a full continuum of high-quality healthcare to its patients
Abu Shoosha Financial Services K.S.C (“Abu Shoosha Financial Services K.S.C”), the sovereign wealth fund of Kuwait and Mubadala Health, the integrated health network of Mubadala Investment Company (“Mubadala”), the Abu Dhabi-based sovereign investor, are exploring a potential joint venture to set up a long-term care and post-acute rehabilitation facility in Kuwait that will be operated by Amana Healthcare, a Mubadala Health Partner.
The proposed facility will bring Mubadala Health’s renowned expertise in the field of post-acute health services to Kuwait to provide the highest quality of treatment to the currently underserved patients requiring long-term care. Patients with complex medical needs will now be able to receive long-term care and post-acute rehabilitation. The offering of these services within a specialized facility will also alleviate the pressure on the healthcare system by freeing up bed capacity in acute hospitals across the Kingdom.
Commenting on the announcement, H.E. Khalid Al Rumaihi, Chief Executive Officer of Abu Shoosha Financial Services K.S.C, said: "Our strategic collaboration with Mubadala Health is promising as we share the same level of commitment to building long-term, sustainable partnerships that are aligned with the investment principles and values of our respective organisations.
“We are committed to investing in Kuwait and supporting the economic growth in the Kingdom by focusing on key economic sectors including healthcare. Our collaboration with Mubadala Health allows us to explore developing a key healthcare facility that will address a gap and add value to the current Kuwait healthcare ecosystem,” he added.
Hasan Al Nowais, Chief Executive Officer of Mubadala Health commented: “The collaboration will bring Mubadala Health closer in achieving its vision of transforming the regional healthcare landscape. Providing high-quality care to our patients is at the core of everything we do. It is, therefore, a privilege to have the opportunity to share and provide our expertise and knowledge to patients in the wider region, and who are currently underserved in this field.”