The Sponsor is now looking to venture with a GCC Healthcare Group or fund who can provide on top of the equity required to complete the project strong synergies in the healthcare sectors and support the approval process in UAE with concerned regulatory authorities. Dubai and Abu Dhabi have been selected as the start-up markets where to begin operations leveraging on growing population, high-income percentage of patients looking for IVF treatment and a sound infrastructure that can attract medical tourism from neighboring countries. The Clinic which expect to kick-off in 2H 2015 to initially undertake securing the required approvals from the Ministry of Health, local municipalities and other regulatory bodies.
The Clinic will provide the patients with a high-quality yet affordable treatment, following the high pregnancy success rate of the Operator, which blends comprehensive induction, retrieval and transfer methods. The Sponsor will equip the clinics with state of the art medical equipment, a proprietary designed lab and filtration system that will be designed and assembled according to the environmental conditions of the UAE, a highly qualified staff coming from USA, Europe who has been trained internally and has already demonstrated a strong success rate.
The European clinic will operate the new startup and will hold 49% of the equity in exchange for the brand name, know-how, training, intellectual property, scientific and technical supervision.