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September 10, 2020

Israel’s Sheba Medical Center signs telemedicine deal with Apex

Israel's Sheba Medical Center has entered into a preliminary agreement with the UAE's Apex National Investment to co-promote healthcare technologies in the UAE and the Gulf region.

Israel’s Sheba Medical Center has entered into a preliminary agreement with the UAE’s Apex National Investment to co-promote healthcare technologies in the UAE and the Gulf region.

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2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
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The memorandum of understanding (MoU) is expected to enable collaboration on medical innovation, professional training, Covid-19 treatment and medical tourism, according to Reuters.

Sheba Medical Center’s Sheba International director Yoel Hareven said that a final agreement between the parties may be signed in the UAE around 21 September.

Hareven was quoted by the news agency as saying: “We’ve embedded existing Israeli telemedicine (remote treatment) technology which allows us to provide medical care to coronavirus patients while minimising risk to the medical teams – this of great interest to the Emirates.”

Sheba and Apex intend to set up an innovation hub in the Gulf and will leverage Sheba’s big data platform.

The deal comes after Israel and the UAE formally agreed last month to normalise their relations. Companies from both countries have started to work on alliances in banking and other fields.

Sheba’s MoU is said to be the first collaboration between an Israeli hospital and an Emirati company following the countries’ formal agreement.

Last month, Apex signed an agreement with Israeli Tera Group to work together on Covid-19 related research and development (R&D), including a testing device.

US-based Mayo Clinic invested $50m last month in a 741-bed hospital project, named Sheikh Shakhbout Medical City, in Abu Dhabi, UAE.

Related Companies

Free Report
img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

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