KBBO Group, acquires 60 %
Emirates Hospital, a member of KBBO Group, has acquired 60 per cent ownership of Mobile Doctors 24-7 (MD 24-7), a round-the-clock, state of the art Population Health Management provider. The acquisition makes KBBO Group the majority shareholder in MD 24-7, following its monumental success in what has been a transformational year.
Mobile Doctors 24-7, MD 2-47 is contracted with both public and private sectors to align consumers through its 24-7 Concierge services and payers by insuring appropriate evidence based medicine utilization. MD 24-7 has over 230 multinational corporate clients in multiple countries including employers, insurance carriers, brokerage firms, TPAs as well as telecom carriers such as Etisalat. MD 24-7 offers 24-hour medical and wellness concierge services to its over 145,000+ registered members.
Yazen Abu Gulal, KBBO Group CEO, said: “Mobile Doctors 24-7 is a valuable asset that is a natural fit for KBBO’s numerous healthcare assets such as Emirates Hospitals and CosmeSurge. We look forward to strengthening our relationship with MD 24-7’s Management team and moving forward with its worldwide growth.”
MD 24-7 offers bidirectional and integrated mobile application, state of the art 24-7 Call Center staffed with General Practitioners, Family Medicine specialists, Pediatricians, Psychiatrists, Pharmacists, Wellness Advisors, nurses and Case Managers. MD 24-7 also provides “Hospital at Home Program” which is licensed by Johns Hopkins University. This unique program with MD 24-7 proprietary Tele-monitoring technology and Virtual Clinics allows patients to be treated in the comfort of their homes and/or offices and at the same time save approximately 50% of alternative cost.
Raouf Khalil, Founder and CEO of Mobile Doctors 24-7, commented, “This is a critically important step forward in scaling our true healthcare solution that aligns both consumers and payers. The combination of our one of a kind delivery system with the support of KBBO Group and its strong presence in the healthcare sector assures MD 24-7 future is in good hands.”
MD 24-7 is designed to provide integrated concierge health care services at the time and place of consumers’ choice as well as insuring appropriate level of care on behalf of the payers.
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