Medcare forays into beauty & wellness segment with recent acquisition


October 4, 2022 | By RetailME Bureau

Healthcare provider under Aster DM Healthcare Group Medcare forays into beauty & wellness segment with its recent acquisition of 60% share in Skin111 Clinics. This acquisition will accelerate Medcare’s plans to emerge as an international hub for health, beauty and wellness adding to its existing network of four hospitals and over 20 medical centres in the UAE. With this agreement Skin111 Clinic’s unique offerings will be incorporated into Medcare service portfolio giving it an edge in the aesthetics and wellness segments, a key driver of the UAE’s growing medical tourism sector.

“With the acquisition of Skin111, we are entering into a niche area of looking at effective and exciting new skin care services with infusions such as NAD plus, vitamin boost etc. that provide extra care for our skin and body. We are excited to partner with Dr. Shahram Nabili on this unique and niche area of immense interest amongst tourists and residents alike in Dubai,” says Alisha Moopen, Deputy Managing Director at Aster DM Healthcare.

Commenting on the recent acquisition, Dr. Shanila Laiju, Group CEO of Medcare Hospitals and Medical Centres, said, “We are pleased to announce our foray into the beauty and wellness segment of the healthcare sector. The acquisition of Skin111 is part of our overall strategy to expand the scope of our operations and become leaders in aesthetic and antiaging segments in the UAE contributing to Dubai’s vision to become a medical tourism hub within the region.”

“We are advancing our healthcare service strategy to provide holistic health solutions to our patients in the UAE and other parts of the world. The Skin111 acquisition will enable us to meet cosmetic and aesthetic needs of our patients. Our objective is to address beauty & wellness as a fully functioning system, driven by practice-led services and personalised technology to create better experiences for our patients,” she added.

Following Medcare’s acquisition of a majority stake Dr. Sharam Nabili CEO of Skin111 will continue to lead the clinics’ operations under the Medcare umbrella.

“Medcare is the right partner for us bringing their high-ranking reputation as a healthcare excellence leader in the UAE. We expect this partnership will take Skin111 to the next level in providing bespoke medical and well-being services to patients from different parts of the world. This also enhances the Skin111’s value significantly in offering customers a truly world-class experience. Our unique focus on novel rejuvenation and antiaging techniques allows us to offer vitamin and mineral analysis leading to scientifically backed tailor made treatment plans for all our clients. We look forward to this journey alongside Medcare,” Nabili stated.

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