Response Plus Holding PJSC announces new expansion plans in India and Saudi Arabia
Abu Dhabi, 7 November 2012- Response Plus Medical Holding, a unit of ADX-listed Alpha Dhabi (subsidiary of International Holding Company ‘IHC’), announces their expansion plans into India & Saudi Arabia.
Fresh from a remarkable market debut on September 14 in Abu Dhabi Securities Exchange’s (ADX) Second Market, Response Plus Holding has invested AED 36.5 million in India’s API Holding, one of the leading digital healthcare company with a pan India presence. This is the first investment of Response Plus Holding in India and part of a wider plan to expand its operations in the subcontinent of India. Mumbai-based API Holding is likely to be listed on the Indian market in the first quarter of next year, and the investment is touted as part of a pre-IPO funding round. API Holding is one of the largest integrated digital health platform of India with top brands like Pharmeasy, Retailio, Digihealth, Docon, etc.
This collaboration with API Holding will foray the entry of Response Plus Holding into India by integrating its emergency medical services and home care services with Pharmeasy digital healthcare platform of India for B2B & B2C reach. These services of Response Plus will be launched in India in a phased manner region/state wise.
Major Tom Louis, Chief Executive Officer of Response Plus Holding PJSC added “As part of the regional expansion plan, Saudi RPM Services (subsidiary of Response Plus Holding PJSC) will further invest AED 7 million to purchase new state of art ambulances this month to provide emergency medical services and manage prestigious international events like Formula 1 Grand Prix, IHF Super Globe Handball, Red Bull Show Run & Soundstorm this year in Saudi Arabia”.