Mubasher: Investcorp on Monday announced acquiring the US-based Health Plus Management (Health Plus), representing its fifth healthcare transactions, for an undisclosed amount.
Health Plus offers operations services and business management for independent physician practices in the rehabilitation and physical medicine markets, in addition to solutions for outsourcing non-medical, front and back-office operations, the Bahrain-based private equity firm said in a statement.
“Health Plus has a proven track record of helping physicians establish their own practices and we are excited to work alongside Stuart Blumberg, the CEO and founder, as the company garners momentum to excel in its next stage of growth,” Investcorp’s Co-CEO Hazem Ben Gacem, stated.
The new acquisition will allow our customers to invest largely in the healthcare sector, Investcorp’s managing director in Abu Dhabi and Kuwait Yusef Al Yusef noted.
Commenting on the deal, Health Plus CEO said, “Our goal has always been to help our clients achieve full clinical autonomy, reduce the administrative burden and allow them to focus on patient care as they build practices positioned for long-term success.”
