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14 April 2024

Gulf Healthcare opens $75m lab

By Sreenivasa Rao Dasari

Gulf Healthcare International, a Dubai-based healthcare management company, is upbeat on growth opportunities, especially with the UAE investing more than Dh17 billion this year to provide better healthcare.

Gulf Healthcare has announced the launch of its initiative Medsol lab, which has been developed for $75 million (Dh275.2m).

Medsol provides diagnosis, prognosis, and response to treatment in addition to pathology testing services through laboratories.

"Banking on the growth potential of the region, we have opened new lab brand called Medsol. We will recruit more than 600 professionals across the planned 26 locations in the region. We are planning to invest additional $45m this year," Mark McGourty, CEO, Gulf Healthcare International, told Emirates Business.

Gulf Healthcare has presence in the UAE, Saudi Arabia and Kuwait. The company has more than doubled its revenues to $35 m during the past two years.

"We expect our revenues to grow to $45m in 2009 and we will have 26 labs in the Middle East and North Africa," said McGourty.