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Waha seeking acquisitions in UAE healthcare sector

Abu Dhabi-based Waha Capital has said it is seeking healthcare acquisitions in the UAE after Dubai announced mandatory health insurance, Bloomberg has reported. “We’re looking for targets across the UAE,” CEO Salem Rashid Al Noaimi said. “Health care is currently a small piece of the pie for us, but the ambition is that in five years it becomes a solid contributor to our bottom line.” Waha, which acquired Anglo Arabian Healthcare group last year, also expects the UAE’s northern emirates to impose compulsory insurance, Al Noaimi said.