Mubadala, an Emirati sovereign wealth fund, announced that it has bought a minority stake in US health technology company Zelis.
Publish dateFriday 6 December 2024 - 12:30
According to Amac News: Based the announcement of this company, this transaction is the largest investment of this Emirati institution in the field of healthcare and related industries.
"This is our largest investment in healthcare and our first significant foray into payer and provider technologies," said Mina Hammoudi, Head of Healthcare Investments at Mubadala.
Other investors that have joined Zelis along with Mubadala include Norwest and HarbourVest. Parthenon and Bain Capital are still major shareholders of this American company.
Zelis CEO Amanda Eisel said the company aligns the interests of payers, providers and members in a way that lowers costs and improves treatment outcomes.
Zelis serves more than 750 payers, including the top 5 national health plans, BCBS insurers, regional health plans, TPAs and self-insured employers in the US.
"This is our largest investment in healthcare and our first significant foray into payer and provider technologies," said Mina Hammoudi, Head of Healthcare Investments at Mubadala.
Other investors that have joined Zelis along with Mubadala include Norwest and HarbourVest. Parthenon and Bain Capital are still major shareholders of this American company.
Zelis CEO Amanda Eisel said the company aligns the interests of payers, providers and members in a way that lowers costs and improves treatment outcomes.
Zelis serves more than 750 payers, including the top 5 national health plans, BCBS insurers, regional health plans, TPAs and self-insured employers in the US.
amacnews.com/vdca.unuk49nu6gt14.html
Source : news agency wam
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