Lumina Announces the Successful Deal Completion of The Healthcare Network in the Middle East

We are delighted to announce the successful deal closing of The Healthcare Network (THN) by successfully advising on the structuring and securing of the capital required for its launch. THN will provide the opportunity for independent operators in the primary healthcare sector to unite under an innovative new healthcare platform that will provide essential group support and strategic positioning to form a key player in the regional healthcare landscape.

THN aims to support a network of 50 primary healthcare operators in the UAE and 200 in Saudi Arabia from 2019 onwards.

Mark Adams, Executive Chairman of THN commented: “LUMINA were of critical importance as a DFSA-regulated corporate finance firm, for THN’s establishment. They structured and implemented an innovative deal structure for The Healthcare Network and have been retained as ongoing advisors to THN. We aim to grow the THN platform regionally; this is one of the most compelling and innovative healthcare projects in the GCC and I am looking forward to becoming a part of this success story.”

George Traub, Managing Partner of Lumina said: “We have structured an innovative deal for this landmark transaction and secured capital commitments for its operations. This is our second successful deal in the short time span of six months, bringing our deal total to seven in the last 36 months – a significant milestone for LUMINA that cements our growing recognition as the premier corporate finance firm for owner-managed businesses in the Middle East region.” 

He added: “The Healthcare Network marks one of many key positive strides for the local healthcare industry. Its creation is borne by a recognisable need in the market for clinics and other independent healthcare establishments to credibly compete with the larger medical institutional groups on a level playing field. We continue to work closely with the founders and investors of THN and are delighted to be appointed as a retained adviser to THN. We are excited by the significant opportunities this presents in the region and are delighted to be a part of the industry’s continued and rapid development.”

Lumina is becoming increasingly recognised for its comprehensive funding solutions offering including: equity capital advisory, debt advisory, project financing, and capital restructuring for companies looking to expand their businesses. Lumina also provides specialist  M&A transaction advisory services to owner-managed entities across a broad spectrum of industries and sectors.