In 2017, Arcapita and Mumtalakat partnered to acquire an equity stake in NAS United Healthcare Services LLC. During the three year holding period, the consortium supported the company’s execution of a series of organic and inorganic growth initiatives, including the business combination with another major UAE third-party administrator (TPA), Neuron LLC, the implementation of a variety of strategic initiatives to drive customer growth and reduce costs, and the roll-out of healthcare technology services among its clients.
Today NAS Neuron is one of the largest private TPAs of medical claims in the GCC, serving over 1.3 million lives across the GCC region. This successful investment has exceeded target returns over a three-year holding period.
|Country||United Arab Emirates|
“Backed by strong strategic shareholders, including Arcapita and Mumtalakat, we successfully brought together the strengths of NAS and Neuron to benefit the wider healthcare industry. I am personally grateful for the trust placed in me by the shareholders, and I look forward to continuing to enhance our value proposition so that our customers enjoy easy access to high quality and affordable healthcare across the globe.”
Group Chief Executive Officer, NAS Neuron