Mubadala Investment Company Acquires Majority Stake in GMSC and IDS
Mubadala Investment Company has acquired 80% of Global Medical Supply Chain (GMSC) and Al Ittihad Drug Store (IDS) from GlobalOne Healthcare Holding (GHH), which retains a 20% stake. This transaction strengthens Mubadala's position in medical logistics and pharmaceutical distribution, aligning with the United Arab Emirates' ambitions in the life sciences sector.
About GMSC
Founded in 2015, GMSC provides comprehensive services for the medical supply chain, covering planning, procurement, logistics, inventory management, storage, and maintenance. It serves over 200 medical establishments and collaborates with nearly 400 suppliers to ensure a reliable supply chain.
About IDS
Established in 1987, IDS is a major player in pharmaceutical distribution in the United Arab Emirates, offering a portfolio of over 1,000 products from 40 suppliers, with an extensive presence in hospitals, pharmacies, and supermarkets.
Strategic Acquisition
This acquisition is part of Mubadala's strategy to vertically integrate the life sciences sector in the UAE, from logistics to specialized manufacturing, while supporting medication security and economic diversification. GlobalOne Healthcare Holding LLC, the healthcare division of Yas Holding LLC, focuses on innovation in healthcare solutions.
