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Burjeel Holdings, a leading healthcare platform in the MENA region, reported revenue of AED 3.351 billion ($912.15 million) in 2021, growing at a compound annual growth rate (CAGR) of 18% over the three-year period 2019-2021.
Burjeel’s record financial performance reflects the strength of its diversified portfolio of high-quality healthcare assets, highly specialized services and its strong interconnected growth platform.
The company reported EBITDA of AED779 million, with an EBITDA margin of over 23% and a CAGR of 37% for 2019-2021. Profit for the year was AED 234 million.
The record performance is testament to Burjeel’s strong growth trajectory, building on a foundation of consistent and consistent growth over the past 15 years. Burjeel has 39 hospitals and medical centers in the UAE and Oman, supported by a network of retail pharmacies and other medical services.
Since its inception, Burjeel has invested AED 4.2 billion in capital expenditure in the UAE and Oman, including the establishment of Burjeel Medical City, an emerging regional centre of excellence in oncology and other complex treatments, and the largest private hospital in the UAE.
Through initiatives such as digitizing the patient journey, AI-powered clinical/diagnostic support, and seamless collaboration between clinical and operational, we are also making significant investments in driving digitization and innovation across the company to improve clinical quality and operational efficiency.
Dr. Shamsheer Vayalil, Chief Executive Officer and Executive Director of Burjeel Holdings, said: “Burjeel Holdings’ record 2021 financial performance reflects the hard work and dedication of our employees in helping to realize our vision of becoming a leading healthcare provider in the Middle East. and beyond, known for our quality and clinical excellence.”
“Our ‘patient first’ focus is driven by our teams who are directly responsible for the enduring strength of our healthcare organization and the successful, diverse businesses that support our core business. The strategies and decisions we make along the way allow us to Able to achieve the level of success seen in today’s results.
“Burjeel Holdings operates 39 hospitals and medical centres in the UAE and Oman, providing healthcare to all socio-demographic populations, and is built on our commitment to provide highly specialised, sophisticated and personalised services backed by strong innovation and based on research ability.
“Burjeel Medical City demonstrates our ambition, our purpose-built 400-bed state-of-the-art tertiary care facility in Mohamed Bin Zayed City, providing the highest level of care. As we continue to strengthen Burjeel Holdings as an organization In the process, we will grow our brand and position ourselves as a platform to attract top talent who can succeed at the highest level to help further grow our company.
“With the launch of Burjeel Holdings earlier this year and strong growth over the past three years, I am very confident that we have a platform to take the strategic corporate actions necessary to drive our future growth. Healthcare is a priority for governments in the Middle East Focus, we look forward to supporting our partners in the UAE and the wider GCC to help build and strengthen their healthcare services and infrastructure,” he added.
Burjeel Holdings becomes the new holding company of the group, effective from March 2022. Burjeel Holdings will continue its tradition of developing its network of hospitals, medical centers and related services. Burjeel Holdings’ assets serve all socioeconomic segments across a range of brands, including Burjeel, Medeor, LLH, Lifecare and Tajmeel. – arab trade news agency
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