GlobalOne Healthcare Holding (GHH), a Yas Holding division, has announced the acquisition of a major UAE pharmaceutical distributor,Al Ittihad Drug Store (IDS), which will significantly expand GHH\u2019s distribution coverage in the UAE.<\/p>\n\n\n\n
The acquisition was completed in December, making GHH one of the largest medical distributors in the UAE.<\/p>\n\n\n\n
\u201cIDS provides a robust platform that complements our strengths in the pharmaceutical sector,\u201d said Murshed Al Redaini, the Group Chief Executive Officer ofYas Holding. \u201cThis investment also underscores our commitment to the UAE Vision 2030 and is in line with our focus to establish a well-entrenched healthcare business. We are confident IDS\u2019 business operations will synergise appreciably with our other healthcare companies,\u201d he added.<\/p>\n\n\n\n
IDS was established in 1968 and partners with leading multi-national corporations in the UAE to supply a diverse product portfolio across a range of therapeutic classes,including antibacterial, asthma, hypertension, diabetes, muscle relaxant, cardiovascular, anticoagulant, anti-rheumatic, and other classes.<\/p>\n\n\n\n
Ashraf Radwan, the CEO ofGHH, said: \u201c We have a proven track record of creating significant long-term value by successfully integrating acquisitions into our growing portfolio of assets. This acquisition aligns with our overall strategy, since we view the business as an attractive opportunity offering substantial synergies.\u201d<\/p>\n\n\n\n
Suresh Vaidhyanathan, Group CFO of Yas Holding, said, \u201cOur ability to penetrate all consumer channels is a critical component of our healthcare value chain. IDS significantly enhances this capability along with a strong product portfolio that complements our growing ecosystem in healthcare.\u201d<\/p>\n\n\n\n
GHH has expanded considerably since its inception, with three earlier acquisitions also completed during 2021. The strategic acquisition of Gulf Inject, which was preceded by the addition of Geltec Healthcare FZE and WellPharma Medical Solutions (WMS), further cemented GHH\u2019s role as a key player in the regional healthcare landscape.<\/p>\n\n\n\n
GHH\u2019s healthcare portfolio includes biopharma, manufacturing, medical supply chain, hospital and clinic management, healthcare technology, and occupational health and wellness.<\/p>\n","protected":false},"excerpt":{"rendered":"
GlobalOne Healthcare Holding (GHH), a Yas Holding division, has announced the acquisition of a major UAE pharmaceutical distributor,Al Ittihad Drug Store (IDS), which will significantly expand GHH\u2019s distribution coverage in the UAE. The acquisition was completed in December, making GHH one of the largest medical distributors in the UAE. \u201cIDS provides a robust platform that complements our strengths in the pharmaceutical sector,\u201d said Murshed Al Redaini, the Group Chief Executive Officer ofYas Holding. \u201cThis investment also underscores our commitment to the UAE Vision 2030 and is in line with our focus to establish a well-entrenched healthcare business. We are confident […]<\/p>\n