Burjeel Holdings Expands in Saudi Arabia with New Acquisition
Deal News | Dec 31, 2024 | Zawya
Burjeel Holdings PLC has finalized the acquisition of a 100% stake in the Specialist Physiotherapy Centre located in Makkah, Saudi Arabia, through its subsidiary Burjeel KSA. With a total investment of SAR6.5 million, the purchase aligns with Burjeel Holdings' strategy to expand its footprint and capabilities within Saudi Arabia. The Specialist Physiotherapy Centre, established in 2017, is renowned for its advanced treatments and exceptional patient care. Over the last two years, the centre has experienced robust growth, with revenues increasing by 2.1 times, reaching SAR3.8 million from 2021 to 2023. Building on this momentum, Burjeel plans to integrate the facility into its PhysioTherabia network, amplifying access to superior physiotherapy and rehabilitation services across Saudi Arabia. Burjeel's Group CEO, John Sunil, emphasized the company's commitment to delivering world-class healthcare services throughout the Kingdom.
Sectors
- Healthcare
- Private Equity
Geography
- Saudi Arabia – The acquisition takes place in Makkah, marking an expansion of Burjeel Holdings’ operations within Saudi Arabia.
- United Arab Emirates – Burjeel Holdings is based in the UAE, indicating the geographical spread of the company involved in the transaction.
Industry
- Healthcare – The article focuses on Burjeel Holdings' acquisition of a physiotherapy centre, highlighting its expansion in the healthcare sector, specifically in physiotherapy and rehabilitation services.
- Private Equity – The article discusses an acquisition transaction involving Burjeel Holdings, showcasing investment activities within the private equity domain.
Financials
- SAR6.5 million – The total investment value of the acquisition by Burjeel Holdings.
- SAR3.8 million – The revenue achieved by the Specialist Physiotherapy Centre in 2023.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Burjeel Holdings PLC | Buyer | Company | A healthcare company aiming to expand its network in Saudi Arabia by acquiring the Specialist Physiotherapy Centre. |
| Specialist Physiotherapy Centre | Target | Company | A Makkah-based physiotherapy facility known for advanced treatments and strong growth, which has been acquired by Burjeel Holdings. |
| John Sunil | Group CEO | People | CEO of Burjeel Holdings, who commented on the strategic importance of the acquisition. |