Our Correspondent | Africa Guardian
Mubadala Investment Company, the Abu Dhabi sovereign wealth fund, has acquired an 80% majority stake in Global Medical Supply Chain (GMSC) and Al Ittihad Drug Store (IDS) from GlobalOne Healthcare Holding (GHH), marking a significant expansion in the UAE’s healthcare logistics and pharmaceutical distribution sectors.
GlobalOne Healthcare Holding, the healthcare arm of Abu Dhabi-based Yas Holding, will retain a 20% stake in the companies, with financial terms of the deal undisclosed.
This acquisition aligns with Mubadala’s strategic focus on growing its presence in the life sciences sector, aiming to build a vertically integrated ecosystem that spans from specialized manufacturing to logistics and distribution.
Founded in 2015, GMSC offers comprehensive supply chain services for medical products, covering demand planning, procurement, and logistics. Established in 1987, IDS is a leading distributor of pharmaceutical and consumer healthcare products across the UAE.
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