Mubadala, G42 agree to merge healthcare businesses

Gulf Today, Staff Reporter

G42, the leading UAE-based artificial intelligence and cloud computing technology company, and Mubadala, an Abu Dhabi sovereign investor, on Thursday announced they will merge their respective healthcare businesses to create a new, first-of-its-kind integrated healthcare company.

In bringing together G42 Healthcare’s unique medical and data-centric technologies and Mubadala Health’s world-class patient care, the new entity will seek to revolutionize the regional healthcare landscape and deliver a new approach to personalized, patient-centric care.

Hundreds of thousands of patients are already served by the two organizations each year. The new entity will leverage the strength of this combined network, which includes state-of-the-art healthcare facilities and digital platforms, to elevate patient services across the continuum of care.

Operating at the forefront of medical research and innovation, the new company will become a vertically integrated healthcare powerhouse, delivering pioneering clinical solutions to help solve the world’s most critical health and diagnostic challenges. Hasan Jasem Al Nowais has been appointed CEO of the new entity and will also continue to lead Mubadala Health.

Peng Xiao, Group CEO of G42, stated: “We aim to build on the respective strengths of G42 Healthcare and Mubadala Health to unlock healthcare super-intelligence and facilitate global healthcare expansion. Our capabilities and experience in leveraging data and artificial intelligence will allow us to continue transforming the traditional healthcare ecosystem to deliver top-notch patient care, fueled by the latest breakthrough research – all in world-class facilities.”

Waleed Al Mokarrab Al Muhairi, Chairman of Mubadala Health and Deputy CEO of Mubadala, said: “The future of healthcare lies in the incredible, fast-moving advances being made in technology.  For over a decade, Mubadala has invested in the highest standard of patient care for the residents of the UAE across a number of specialties. We now seek to take patient care to the next level, into a new era of precision and personalized medicine.”

Hasan Jasem Al Nowais, CEO of Mubadala Health and the new entity, said: “The new company represents a truly integrated healthcare ecosystem where research, technology, AI, and genomics are combined with world-class care to optimize clinical outcomes. We are committed to ensuring that our exceptional team of physicians and caregivers have access to pioneering medical technologies and deliver unparalleled care to patients.”

While continuing to build its network in the UAE, the new company will consider opportunities for international expansion and new partnerships. The new entity will also focus on collaboration with leading researchers and pharmaceutical and healthtech ecosystems, leveraging the UAE’s progressive and future-focused regulatory frameworks to bring world-class care to local communities.

Across the two organizations, healthcare assets today include: Imperial College London Diabetes Centre; HealthPoint; National Reference Laboratory; HealthPlus; Danat Al Emarat; Moorfields Eye Hospital Abu Dhabi; Biogenix; the UAE’s Omics Center of Excellence; and Insights Research Organization & Solutions (IROS), the first UAE-based contract research organization specializing in healthcare research.

Mubadala Health is the integrated healthcare network of Mubadala Investment Company. Established in 2021, Mubadala Health operates, manages, and develops a portfolio of healthcare assets including: Cleveland Clinic Abu Dhabi, Healthpoint, Imperial College London Diabetes Centre (ICLDC), Amana Healthcare, National Reference Laboratory (NRL), Capital Health Screening Centre (CHSC), Abu Dhabi Telemedicine Centre (ADTC), Danat Al Emarat, HealthPlus Diabetes & Endocrinology Center, HealthPlus Family Clinics, HealthPlus Fertility, HealthPlus Women’s Health Center and Moorfields Eye Hospital Abu Dhabi.

 With a vision to transform the regional healthcare landscape, Mubadala Health sets a new benchmark for the UAE and regional healthcare industry through its state-of-the-art facilities and world-class caregivers who strive to put patients first across its continuum of care. Innovation, research, and education are the foundational pillars of Mubadala Health, supporting the further development of a sustainable healthcare sector in line with the vision of Abu Dhabi and the region.

G42 Healthcare, a leading health-tech company, is on a mission to develop a world-class healthcare sector in the UAE and beyond, by harnessing data and advanced medical technologies to unlock the potential of personalized and preventive care and transforming the traditional healthcare ecosystem.