Abu Dhabi-based M42 acquires Diaverum, world’s 3rd largest dialysis provider
Abu Dhabi, UAE — M42, an Abu Dhabi-based tech-enabled healthcare company, today announced that it has acquired Diaverum, a leading global renal care service provider, from Bridgepoint Group, making M42 the largest healthcare company in the Middle East.
Founded in 1991, Diaverum is currently the world’s third-largest provider of dialysis services, operating across 23 countries, with 440 clinics and over 13,000 employees. Diaverum is led by a highly experienced management team committed to improving medical outcomes for patients and driving innovation in tech-enabled care delivery. It also has a strong track record of clinical excellence, providing critical care to around 39,000 patients suffering from chronic kidney disease.
M42 is a global tech-enabled healthcare leader operating at the forefront of medical development. Established after the coming together of G42 Healthcare and Mubadala Health, M42 combines unique medical and data-centric technologies with state-of-the-art facilities to deliver the highest level of precise, patient-centric, and preventative care.
The acquisition of Diaverum significantly expands M42’s global geographic footprint, enabling it to introduce relevant healthcare services and healthtech solutions in new markets while further enhancing its renal care offering in the GCC.
Furthermore, Diaverum has particular strength in tech-enabled care. This includes patient-centric apps and the potential to leverage AI to provide data-driven clinical insights for patients with chronic kidney disease. M42 will use its deep knowledge and expertise in AI, genomics, and tech-powered solutions to advance Diaverum’s ability to deliver precise, life-saving renal care.
Hasan Jasem Al Nowais, Group Chief Executive Officer and Managing Director of M42, commented: “M42’s acquisition of Diaverum represents a major milestone in our global expansion strategy. Diaverum is an exceptional company providing vital treatments that enable patients suffering from chronic kidney disease to live fulfilling lives. Its pioneering digital care offering fully aligns with M42’s focus on leveraging advanced technological solutions to deliver precise, personalized patient care. I look forward to working with Diaverum’s management team to address the critical challenge that chronic kidney disease represent to countries’ healthcare services around the world.”
In Frame: Hasan Jasem Al Nowais, Group CEO and Managing Director of M42. Image Courtesy of M42
Dimitris Moulavasilis, CEO of Diaverum, added: “We are very excited to be a part of M42’s integrated global network. M42 is a perfect fit for Diaverum’s future, and this transaction
will further strengthen our position as a global leader in renal care. Together, we’ll be able to drive international growth and continue transforming the industry through patient-centric digital innovations. I would especially like to thank all our employees who make a difference in our patients’ lives every single day. They have been and will remain integral to Diaverum’s success story.”
Between 8 - 10% of the world’s adult population have some form of kidney damage, and every year millions die prematurely of complications related to chronic kidney disease. Due to the underlying growth of lifestyle diseases, including diabetes, the need for dialysis services in Diaverum’s markets saw patient growth of 8% CAGR between 2012 – 2019, with a similar growth rate expected over the next decade.
The transaction, which is subject to customary regulatory approvals, is expected to close later in 2023.
M42 is an Abu Dhabi-based, global tech-enabled healthcare company operating at the forefront of medical advancement. The company is seeking to transform lives through innovative clinical solutions that can solve the world’s most critical health and diagnostic challenges. By harnessing innovative solutions, unique medical and data-centric technologies, including genomics and AI, M42 is transforming the traditional healthcare ecosystem and delivering the highest level of precise, patient-centric, and preventative care.
M42 has over 20,000 employees and more than 450 facilities in 24 countries around the world. Established in 2022, following the coming together of G42 Healthcare and Mubadala Health, M42 is a first-of-its-kind integrated healthcare company that combines unique medical and data-centric technologies with state-of-the-art facilities to deliver world-class care.
M42 owns a wide portfolio of assets that includes Amana Healthcare, Biogenix Labs, Danat Al Emarat, Diaverum, HealthPoint Hospital, the HealthPlus network of specialty centers, Moorfields Eye Hospital Abu Dhabi, Imperial College London Diabetes Centre, Insights Research Organization & Solutions (IROS), Omics Center of Excellence and The National Reference Laboratory, among others.
Diaverum is a Swedish-born, multinational healthcare organization that provides life-enhancing renal care to patients with chronic kidney disease, empowering them to live fulfilling lives.
Diaverum’s vision is to transform the industry through patient-centric digital innovations, delivering and broadening access to the highest quality of care. The focus is to provide
renal care tailored to patients’ needs and choices, offering a portfolio of treatments ranging from preventive care, haemodialysis, peritoneal dialysis and home care, to coordination of patients’ comorbidities and holiday dialysis.
As a global leader and the largest independent renal service provider in Europe, Diaverum care for around 39,000 patients across 440 clinics in 23 countries. Diaverum employs around 13,000 people worldwide and is headquartered in Malmö, Sweden.