Mumtalakat moves into healthcare business

Manama: Bahrain Mumtalakat Holding Company announced it has successfully acquired an equity stake in KOS Group, a leading European healthcare group focused on long-term care and rehabilitation services. 

Founded in 2003, KOS Group is a leading healthcare group in Italy that operates in the area of social health, residential care for chronic illnesses, rehabilitation and mental health services, and management of medical equipment and diagnostic centres. It has over 76 dedicated facilities comprising of 7200 beds, including nursing homes, rehabilitation centres, hospitals, and mental health clinics. Additionally, the group has an international presence through its diagnostics & cancer care services unit in the UK and India.

Mumt-alakat will hold a significant minority stake alongside CIR, the founders and existing majority shareholders of KOS Group, and will be engaged in key decisions through its representative on the board of the investment vehicle. Mumtalakat’s investment will take place through a consortium organised by F2i, the leading Italian infrastructure fund, and including one other international investor. 

Commenting. Mahmood Hashim Alkooheji, Chief Executive Officer of Mumtalakat said: “We are pleased to announce our investment in the healthcare sector in Europe. As a value adding, long-term partner, Mumtalakat aims to support KOS Group’s expansion initiatives as well as its plans to establish a foothold in the Kingdom, which will act as a platform to serve the high growth Post-Acute Care sector in the GCC,” Alkooheji
added.