Burjeel grows PhysioTherabia network with Riyadh acquisition: ADX-listed healthcare group Burjeel Holdings acquired a 100% stake in Riyadh-based PhysioTrio Physiotherapy Center through its subsidiary Burjeel Arabia, according to a press release (pdf). Burjeel will integrate the center — which specializes in sports rehabilitation and has contracts with the Sports Ministry — into its PhysioTherabia network in Saudi Arabia.
Background: Burjeel launched PhysioTherabia in 2023 in partnership with Saudi’s Leejam Sports Company. Its network includes centers offering sports rehabilitation and physical therapy services in Saudi Arabia. The takeover means PhysioTherabia now operates across 30 centers in the kingdom, with the firm inaugurating eight new PhysioTherabia centers in Riyadh, Jeddah, Dammam, Al Khobar, and Yanbu last year.
Also in the Saudi portfolio: Its Saudi subsidiary, Burjeel KSA, also fully acquired Makkah-based Specialist Physiotherapy Center for SAR 6.5 mn earlier this year.
More to come? The firm wants to grow its PhysioTherabia network to 60 facilities, a spokesperson from Burjeel told EnterpriseAM in response to emailed questions. Outside of the Kingdom, Burjeel is also planning a new hospital in Dubai, as well as new medical centers in Al Ain, Fujairah, and Riyadh City, the spokesperson said.
The healthcare firm has been on an expansion drive: Just last month Burjeel Holdings launched Alkalma, a regional mental health and wellbeing platform, after integrating four specialist centers across Dubai, Abu Dhabi, and Riyadh. It also launched a Genetics and Rare Disease Center at Burjeel Medical City, an oncology center in Sharjah, and a specialized blood disorder center in Abu Dhabi. It also acquired an 80% stake in Dubai’s Advanced Care Oncology Center (ACOC) for AED 92 mn earlier this year.