Chairman of the TVM Capital Group , and CEO, TVM Capital MENA, Dr. Helmut M. Schuehsler believes MENA patients will benefit from increased private sector involvement in specialised healthcare services, and especially from an increased private equity investment activity. Speaking at the Middle East Healthcare Innovation Summit held today at the Dusit Thani Hotel Dubai , Dr. Schuehsler addressed audiences on the theme of 'Invigorating Excellence in MENA Healthcare through Private Equity Investment '. An estimated $15 billion is spent on individuals from the wider region travelling abroad for medical care, which demonstrates a big quantitative and qualitative medical care gap for patients, as well as offering a significant opportunity to both governments and private companies locally. As more private healthcare providers address undersupplied areas, new facilities will be able to supplement public sector healthcare, relieve government budgets from the high cost of sending patients to the Centers-of-Excellence in Western or some Asian markets, and provide more focused and high quality of care, ideally at true world-class standards. In such a scenario, Middle Eastern patients could feel safe to be treated locally instead of traveling abroad for care. For the governments, there would be local choices and the dependence on foreign providers would decrease. If this was to happen, it looks like a win-win situation for the governments and the patients in the Middle East alike. Dr. Schuehsler said, "private equity has a big role to play in the development of the region's private healthcare sector as governments tap into the private market for investing into healthcare services rather than using their own often limited resources for building, owning and operating healthcare businesses. Collaboration between public and private entities is vital in order to develop the healthcare sector into a world-class system and establish services in the GCC and broader MENA region that provide excellent healthcare to the local community, which not only expands the social contract between governments and their citizens but also reduces the need to seek high-class medical treatment abroad." He continued, "we at TVM Capital have decided to initially focus on long-term care, rehabilitation, home care and fertility as key areas for investment. These services are facing substantial demand versus a shortage of specialist providers, which is placing a physical and financial burden on already over-populated acute care hospitals. For us as a private equity investor and developer of healthcare services projects, engaging best-in-class, international operators will drive quality standards in our companies in the MENA region through the transfer of technology, clinical excellence, managerial insight and skilled labour. Towards that end, we have recently signed an affiliation with Spaulding Rehabilitation Network, a Harvard Medical School teaching hospital and a US-based, global leader in rehabilitative care, long-term acute care, home care and related research, to provide best-in-class technology and standard operating procedures to our companies in the field of long-term care."
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