Al Noor Hospitals to acquire Rochester Wellness
Al Noor Hospitals Group Plc, the largest private healthcare service provider in Abu Dhabi, today announces that it has reached an agreement to acquire Rochester Wellness.
Founded in 2006, Rochester Wellness is a leading provider of long-term physical, speech, and occupational rehabilitation therapy caring for patients in their homes and through two inpatient facilities in Dubai and Muscat. The business operates 51 beds and generated revenue of USD 5.6m during the nine months up to December 2014.
Ronald Lavater, Chief Executive Officer, Al Noor Hospitals Group Plc said: "The acquisition of Rochester Wellness demonstrates our commitment to expanding our services across the entire continuum of care. In addition to adding a new service in the key markets of Dubai and Muscat, we will bring the Rochester Wellness experience to our home market of Abu Dhabi. There is a large gap between supply and demand in the long term care and home care sectors and Rochester Wellness has the capacity to serve a significant number of our patients within these therapeutic areas."
Karim Jamal, Managing Director, Rochester Wellness said: "I am confident that in Al Noor Hospitals we have the right partner to ensure we continue to provide the highest level of care for our patients as well as drive our business development. As the largest private healthcare service provider in Abu Dhabi, Al Noor has the reputation and resources to help us grow into new areas of treatment and expand our geographic footprint. We look forward to working with Al Noor in the years ahead."
Rochester Wellness coordinates comprehensive, convalescent and geriatric rehabilitation programmes in a non-hospitalized environment. The Company provides post-acute care including rehabilitation, home care, and long term care. Services concentrate on relieving the distress of patients using a multi-disciplinary approach to rehabilitative and palliative care.