Category: Investment Case

Unique vision and strategy focused on quality and clinical excellence, with an expanding service mix in areas of super-specialty care

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  • We are focused on attracting, training and developing the best and most innovative consultants to drive medical advancements in the MENA region
  • Our strong clinical team has been responsible for the Group’s growth to date and remains committed to delivering quality and clinical excellence going forward, ensuring we invest in services that attract new patients, deliver on unmet, complex needs and deliver attractive ARR for the Group
  • Joint Commission International (JCI), the world’s largest healthcare accreditor, has accredited 12 Burjeel hospitals, making them a part of an elite group of hospitals that deliver international standard treatment and service delivery across multiple specialties

Primed to deliver strong, predictable growth, recurring revenue and profitability, through an unmatched patient offering and network of brands

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• We possess a track record of strong financial performance and consistent growth that has been driven by its ramp-up of assets launched in recent years and supported by its focus on treating a higher-end patient mix and cost optimization
• For the years ended 31 December 2019, 2020, and 2021, the Group’s revenue was AED 2,420.5 million, AED 2,605.2 million and AED 3,351.0 million, respectively, representing a CAGR of 17.7 per cent
• For the years ended 31 December 2019, 2020, and 2021, the Group’s EBITDA was AED 417.9 million, AED 470.2 million and AED 779.1 million, respectively, representing a CAGR of 36.5 per cent

Elevating utilization across our 16 hospitals and 23 medical centers, enabling exponential revenue growth with limited additional investment

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• On average, we have a group inpatient bed occupancy rate of 55.6% and an outpatient capacity utilization rate of 72.9% – providing significant room for growth in both categories.

• We are focused on elevating utilization specifically in areas of high-yield complex care, ensuring return from utilization improvement is amplified through increased Average Realized Revenue (ARR), or average revenue per patient
• We consider 12 of our 16 hospitals to be in the medium or high-growth phase, meaning their current utilization is below 70%
• Our largest hospital, the largest hospital in the UAE, Burjeel Medical City (BMC), had inpatient bed occupancy of 34% and outpatient capacity utilization of 29% in 2022, a year in which BMC posted 125% revenue growth to AED 741 million