Founded in 1985, Al Noor Hospital provides a complete continuum of healthcare and has places itself among the Leading private hospital services provider in Abu Dhabi. Relocation of Al Noor Hospital to Khalifa Street in 1999, Al Noor Khalifa Branch was launched in the year 2001.

In 2006, Al Noor Hospital was established in Al Ain followed by the inauguration of its unique, purpose-built hospital at Airport Road in 2008. The hospital soon evolved into a state-of-the-art healthcare provider, employing experienced medical professionals and the latest facilities. It has since achieved remarkable progress in the healthcare industry and has recently expanded to Abu Dhabi’s Western region, opening specialized clinics in Madinat Zayed, Mirfa and Mussafah, offering medical services as well as emergency referrals to its Abu Dhabi branches.

Al Noor has achieved phenomenal success in path-breaking procedures and has placed itself among the top healthcare institutions in the country. The hospital is affiliated with United Kingdom’s National Health Service and the Health Authority Abu Dhabi in addition to a number of International Health Institutions. Equipped with the latest and most advanced medical equipment the Hospital remains an inventor, always keen to introduce the latest diagnostic and treatment techniques. In April 2000 Al Noor was bestowed the prestigious ISO 2002 Certificate, the first private hospital in Abu Dhabi to achieve this award. In the year 2002 Al Noor won the International Award for Best Performance and has continued to succeed by achieving the Sheikh Khalifa Excellence awards in 2003, 2005 and 2007. The JCIA Accreditation has recently been awarded to Al Noor Hospital Al Ain City, Al Noor Hospital Khalifa Street and Al Noor Hospital Airport Road, Abu Dhabi. In 2009, Al Noor was presented with the acclaimed Sheikh Khalifa Excellence Award, Gold Category for its contribution to healthcare.

Going beyond healthcare to promote healthy living, Al Noor takes a profound interest in creating awareness about health issues in the region, including diabetes and obesity. Al Noor’s number one priority is to serve the society with the best healthcare services and is committed to maintain its position as one of the finest providers of healthcare in the private sector.


Al Noor mainly operates in Abu Dhabi, the largest emirate in the United Arab Emirates (UAE). As the sixth largest oil producer in OPEC benefiting from approximately 10 per cent of the world’s oil reserves, the UAE had a GDP of U.S. $339 billion in 2011, giving it one of the highest per capita GDPs (U.S. $50,390) in the world. Within the UAE, Abu Dhabi accounted for approximately 65 per cent of GDP in 2011, and contains 94 per cent of the UAE’s proven oil reserves. Abu Dhabi is in the process of diversifying its economy away from oil revenues.

The Healthcare sector is one of the fastest growing sectors in the UAE and it is expected to continue to grow as it benefits from this dynamic economic environment. The trends in the sector include:
A population that is growing and rapidly ageing: according to Global Insight, the population of the UAE is projected to increase by a CAGR of 1.7 per cent from 2010 to 2030, while the population over 65 years of age is projected to increase by CAGR of 9.2 per cent over that same period.
An increasing incidence of lifestyle-related medical conditions: lifestyle diseases and conditions such as diabetes, obesity, cancer and neuropsychiatric conditions tend to occur more frequently in wealthier countries such as the UAE. In particular, with respect to diabetes and obesity, in 2011, the UAE was in the top 10 countries in terms of the percentage of its population that was defined as obese (30.4 per cent), and in the top five countries in terms of the percentage of population with diabetes (18.9 per cent), according to the International Diabetes Foundation Report (5th Edition, 2012 Update).
Service gaps in the current healthcare market: The Healthcare Authority of Abu Dhabi (HAAD) has identified services for which the current supply does not meet demand in the Emirate. These include OBGYN, paediatrics, neonatology, cardiology, oncology, intensive and critical care medicine, emergency medicine and psychiatry.
Growth in the privately insured population outside of the Emirate of Abu Dhabi: other Emirates, such as Dubai and Sharjah, have announced plans to implement healthcare reforms, such as mandatory health insurance, which has led to higher per capita medical claims in the Emirate of Abu Dhabi since its introduction in 2007 (with substantial increases in expenditure on medical care in the years following its implementation).

In 2007, the Abu Dhabi Government established HAAD to regulate the quality and affordability of healthcare services in the Emirate. Among other initiatives, HAAD is focused on increasing transparency, by publishing industry-wide KPIs to provide patients with an objective source of information for use in choosing a healthcare provider. HAAD, in its 2011 report, ranked Al Noor at the forefront of services providers in terms of our quality of care and patient satisfaction.




http://www.alnoorhospital.com/

The fact insurance is mandatory perhaps they won't ask.

Going to be a major health problem -
One out of every four citizens of the United Arab Emirates has diabetes, at a rate of roughly 20% for residents, 25% for Emirati nationals.

what is the definition of a resident?
nationals, it does not surprise me greatly, as they take little exercise and LURV their (very) sweetmeats

They must love sweet food. Only 8% of Americans have diabetes.

Final Results

http://www.moneyam.com/action/news/showArticle?id=4764958

dc - do you really believe that? ...... with the number of morbidly obese in the population, it really cannot be true - unless clogged arteries kill them first

UAE looks like in the future they are going to have serious health issues.

Dc while i don't mind a buy and hold i hav'nt got time to wait for peoples arteries to clog up ,mine will probably clog up first :)

:-)) its not funny.

Good Advance in March, hope it lifts like NMC.

Through £10

Must be a lot of arteries clogging up DC .

:-))

Another 8% jump today

Al Noor Hospitals: Jefferies increases target price from 1065p to 1155p and maintains a buy recommendation.

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Interim Management Statement

Highlights

· Al Noor continued to perform in line with the board's expectation in Q1 2014, demonstrating strong revenue growth and stable EBITDA margins.


· The number of revenue-generating physicians increased by 32 during the first quarter and by 132 compared with the first quarter of 2013, of which four came from the acquisition of the Gulf International Cancer Center (GICC). The Group remains confident of achieving its target of hiring 70-80 additional physicians in 2014 as a whole.



· The Group successfully concluded the purchase agreement for GICC, valued at US$ 21.8m.


· In the first quarter, three new medical centres were commissioned. The medical centres at Bateen and Baniyas are in neighborhoods with significant Emirati populations, and the ICAD medical centre is in an industrial workers residential facility.



· Al Noor continues to remain debt free with a strong net cash position allowing the Group to continue exploring further acquisition opportunities.




http://www.moneyam.com/action/news/showArticle?id=4798930

FLASH: Al Noor revenues up 24.7%

Story provided by StockMarketWire.com

24 Jun Investec 1,170.00 Buy

Results for the Six Months Ended 30 June 2014

Operational highlights



§ Outpatient volumes rose 19.7% compared with H1 2013.

§ Inpatient volumes increased 1.2% compared with H1 2013;

§ Number of Revenue-Generating Doctors increased by 106, a 26.8% increase since H1 2013. Of these, 31 were added in the six months ended 30th June.



In the first half of the year, three new medical centers were opened, bringing the total number of centers to 16.



http://www.moneyam.com/action/news/showArticle?id=4866740