DUBAI, UAE, October 12, 2011 /PRNewswire/ --
TVM Capital MENA has today inaugurated its first investment in the MENA region.
The official opening of ProVita International Medical Center in Abu Dhabi was attended by TVM Capital MENA Chairman & CEO Dr. Helmut M. Schuehsler who also serves as Chairman of the Board at ProVita. The region's first long-term care facility for acute, ventilator dependent patients in a non-hospital setting, ProVita addresses a significant market need in the region. The facility offers round the clock care for acute ventilator dependent patients outside of the Intensive Care Unit (ICU) where they usually have to live, if no such facilities as ProVita exist.
The genesis of the clinic, and more specifically the collaboration with the founder of ProVita clinics in Germany, Christina Shawky-Boehme, is consistent with the TVM Capital MENA strategy of involving leading operators from more fully developed healthcare markets such as in Europe or North America to provide unique and specialized healthcare services in the Middle East, directly catering to the growing local demand. The investment in ProVita was originally announced in November 2010 and the facility was eventually opened in February 2011. The company hopes to meet enough demand in other countries to be able to open additional long-term care facilities in the region, including the Kingdom of Saudi Arabia.
According to Dr. Helmut M. Schuehsler, Chairman & CEO of TVM Capital MENA, '' We are proud of the work that ProVita has been able to do and the difference it has made to the quality of life of severely ill and ventilator dependent patients in Abu Dhabi. The facility is a first for the region and a testament to the growth and development of the local healthcare industry. The demand for long-term care remains high and we hope to expand the ProVita offering throughout the region.'’
TVM Capital MENA is the first international private equity
|SOURCE TVM Capital MENA|
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