Abu Dhabi, UAE: Al Noor Hospitals Group, a private healthcare service provider in Abu Dhabi, said on Monday it has reached an agreement to acquire Rochester Wellness, without disclosing the transaction value.
Founded in 2006, Rochester Wellness is a 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 $5.6 million (Dh20.56 million) during the nine months up to December 2014, Al Noor Hospitals said in a statement.
“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,” Ronald Lavater, Chief Executive Officer, Al Noor Hospitals Group, said in a statement.
“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.”
Rochester Wellness 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.
© Gulf News
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