TVM Capital MENA Announces New Investment In Home Care Service

TVM Capital MENA, a private equity firm focusing on investments in the regional healthcare and pharmaceutical sectors, has announced its majority-acquisition of Manzil Health Care Services, Abu Dhabi.

The dedicated provider of professional, individualized home care and rehabilitation services was founded as Emirates Outreach Healthcare Services in 2011 by Dr. Ghuwaya Al Neyadi. Manzil Health Care Services provides homecare services guided by the individual medical, rehabilitative and emotional needs of their patients.

Services are based on international best-practice, carried out by HAAD-licensed physicians, nurses and therapists on a 24 hours basis in the home environment of the patient. The care team provides highly individualized care for adult and pediatric patients covering nursing care services, medical care and supporting medical care services (rehabilitation) on intermediate and critical levels. Manzil Health Care Services is headquartered in Abu Dhabi with a branch office in Ras Al Khaimah.

TVM Capital MENA Chairman and CEO Dr. Helmut M. Schühsler comments: "Our objective has always been to provide unique and specialized healthcare services in the Middle East, focusing specifically on areas which are undersupplied. Manzil Health Care Services plays an important role in the local community of Abu Dhabi and we plan to work together to enhance and expand its offering throughout the region. We were especially impressed by the professionalism of the existing team, licensed by the Health Authority of Abu Dhabi and Ministry of Health, which is not a given in the homecare sector, as well as of ethics and dedication of all staff member but especially of Dr. Ghuwaya. We are very pleased to have access to her valuable advice and experience."

Dr. Ghuwaya states: "We are very happy to have won a healthcare focused global private equity firm to back our home care concept which is based on uncompromising quality of service. We can now concentrate on expanding our services within the Abu Dhabi community and in a second step expand our business scope. I also very much look forward to cooperate with TVM Capital MENA's existing portfolio - this will give us access to best -practice management and procedures on international level."

Manzil Health Care Services joins TVM Capital MENA's existing portfolio companies, ProVita International Medical Center, Cambridge Medical and Rehabilitation Center and Bourn Hall International. ProVita is located in Abu Dhabi with a second site planned for Al Ain, and is currently the only facility of its kind in the MENA region to provide long-term care for chronic, ventilator dependent patients in a non-hospital setting. Cambridge Medical and Rehabilitation Center is a long-term care center for non-ventilated patients. With its investment in Bourn Hall International, TVM Capital MENA was able to bring the world class In-Vitro Fertilization (IVF) concept to the MENA and India. Based in Cambridge, UK, Bourn Hall was the world's first IVF clinic and the deal with TVM Capital MENA marked its primary international expansion. It has recently inaugurated a conception facility in Dubai.