Mubadala acquires an 80% stake in a healthcare logistics firm

Mubadala acquires stake in healthcare logistics firm: Mubadala Investment Company acquired an 80% stake in Abu Dhabi based healthcare logistics firm Global Medical Supply Chain and pharma firm Al Ittihad Drug Store from Yas Holdings’ healthcare arm GlobalOne Healthcare Holding (GHH), with GHH retaining a 20% stake, Wam reports. The value of the transaction was not disclosed.

About the companies: Global Medical Supply Chain, founded in 2015, provides comprehensive supply chain services for medical products, including demand planning, procurement, logistics, inventory management, and warehousing, serving over 200 medical facilities in the UAE and collaborating with nearly 400 suppliers. Meanwhile, Al Ittihad Drug Store is a distributor of pharma and consumer healthcare products, and offers products from over 40 suppliers to hospitals, pharmacies, and supermarkets in the region.