Dubai: Fresh from a list of its shares in Abu Dhabi, Response Plus Holding will make investments Dh36.5 million in India’s API Holdings, an rising healthcare firm. This is the primary funding Response Plus Holding – which supplies onsite medical companies for organisations – in India, and a part of a wider plan to broaden its visibility in that key market.
Mumbai-based API Holding is more likely to be listed on the Indian market in the primary quarter of subsequent 12 months, and the funding is touted as a part of a pre-IPO funding spherical. API Holding is likely one of the largest built-in digital well being platform working beneath the manufacturers Pharmeasy, Retailio, Digihealth, Docon, and many others.
The proprietor of Abu Dhabi-based VPS Healthcare, Dr. Shamsheer Vayalil, holds 49 per cent in Response Plus Holding, whereas Alpha Dhabi Health has 36 per cent and Chimera Investment owns 10 per cent. VPS Healthcare owns 24 hospitals and greater than 125 well being centres. It additionally has one of many largest pharmaceutical manufacturing crops in the UAE.
As a part of the regional enlargement plan, Response Plus Holding will make investments in Oman and Ethiopia to offer emergency medical companies and function and handle medical companies and affected person transportation companies. The board of administrators has additionally agreed to take a position Dh10.5 million in the UAE and Saudi Arabia as a part of the enlargement programme.
Response Plus Medical Holding, a subsidiary of Alpha Dhabi Holding, made its market debut on September 14 on Abu Dhabi Securities Exchange’s (ADX) Second Market.