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ABU DHABI – The Abu Dhabi Investment Office (ADIO) announced today that it is partnering with Health Cloud company Innovaccer to improve access, affordability and quality of healthcare in the Middle East.
Under the partnership, Innovaccer will receive financial and non-financial incentives to establish a regional headquarters in Abu Dhabi as part of ADIO’s AED2 billion ($545 million) innovation program, creating growth opportunities for businesses in the UAE.
Innovaccer chose Abu Dhabi due to the strength of the local healthcare ecosystem and the depth of support available. Comprising an R&D center and a commercial function, Innovaccer’s Abu Dhabi headquarters will accelerate the pace of healthcare innovation by bringing its industry-leading health cloud, data activation platform, medical technology solutions and deep expertise to the local community pace.
Innovaccer will also collaborate with local universities in Abu Dhabi on conferences, presentations and research.
Innovaccer’s Abu Dhabi regional headquarters will add more than 80 highly skilled employees to support development, marketing, sales, implementation, customer support and other operations across the region, thereby fostering the UAE’s talent ecosystem and economic growth.
ADIO Acting Director General Abdulla Abdul Aziz AlShamsi said: “ADIO seeks partnerships with transformative companies that are driving positive change in their industries. Innovaccer’s mission to transform access and availability of healthcare data will be accelerated by its expansion into Abu Dhabi, The emirate’s innovation ecosystem and mature healthcare infrastructure and network provide an ideal foundation for growth and regional success.”
Innovaccer is dedicated to accelerating innovation in healthcare by connecting and managing global healthcare information, making it easy to access and use. Innovaccer Health Cloud unifies patient data across systems and care environments, enabling healthcare organizations to develop scalable, modern applications to improve clinical, financial and operational outcomes.
“We are excited to partner with ADIO to bring our technology and talent to Abu Dhabi, a driving force for innovation in the region,” said Sandeep Gupta, Innovaccer’s co-founder and COO.
He added: “The challenges facing healthcare are global. Rising costs and the pandemic have prompted global markets to improve the clinical and financial performance of their healthcare systems. This collaboration will accelerate healthcare transformation in the Middle East to meet the needs of the public Demand and expectations for healthcare. Accessible, affordable, high-quality care. Our technology helps healthcare stakeholders succeed in a highly complex, regulated and increasingly consumerized marketplace. Now, we Bringing our proven platform to Abu Dhabi to drive global healthcare data innovation and help accelerate the region’s transition from volume to value.”
Innovaccer is widely supported by the Abu Dhabi ecosystem. The company’s latest Series E round led by Mubadala in December 2021 brought its valuation to $3.2 billion. Additionally, Innovaccer is building local relationships in Abu Dhabi to build the emirate into its first commercial market and regional growth platform in the Middle East.
Ibrahim Ajami, Head of Risk and Growth at Mubadala, said: “Since our first investment in Innovaccer in 2019, we have seen widespread adoption of their solution by healthcare organizations across the US and we are delighted to see them now expanding their reach” The establishment of a regional headquarters in Abu Dhabi, which has a thriving R&D ecosystem, makes it the perfect base for Innovaccer to accelerate healthcare innovation and advance the development of Abu Dhabi’s healthcare system. “
Driven by the Abu Dhabi Department of Health (DoH), significant investment over the years has established Abu Dhabi’s world-class healthcare sector with advanced healthcare and research facilities for residents and the growing medical tourism industry. Serve. The emirate has taken a collaborative approach to growing the healthcare industry that has already attracted some of the world’s leading healthcare providers and biopharmaceutical companies.
Asma Ibrahim Al Mannaei, Executive Director of the DoH Centre for Research and Innovation, said: “We are more aware than ever of the importance of data as it enables organisations to further develop value-based care, manage the health of populations and generate real-world insights. Evidence. Through invaluable collaboration across sectors, directed by the UAE’s wise leadership, Abu Dhabi continues to further strengthen its position as a hub for smart data solutions, providing indisputable evidence and leading the decision-making process.
ADIO’s innovation program supports high-growth companies and helps them take advantage of Abu Dhabi’s vast industry opportunities. Since its launch in 2020, the programme has allocated AED 1.3 billion to support more than 40 innovative companies.
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