Abu Dhabi-based Palms Sports has successfully acquired an 80% stake in Yas Physiotherapy Center, a clinic specializing in musculoskeletal and sports injury rehabilitation. The acquisition is part of Palms Sports’ strategy to diversify its investments and enhance its portfolio, particularly in the healthcare sector. This move complements Palms Sports’ core business in sports training, enabling the company to offer a more comprehensive range of services. CEO Fouad Darwish highlighted that the transaction would contribute to the holistic health and well-being of the community. Earlier in 2024, Palms Sports secured contracts worth AED 282.70 million with Emirates Schools Establishment, marking a robust start to the year.
Healthcare, Sports & Leisure,Abu Dhabi, United Arab Emirates
https://www.zawya.com/en/markets/equities/palms-sports-concludes-new-acquisition-transaction-to-expand-portfolio-dtvdajar