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SOURCE TVM Capital MENA
Agreement reinforces the PE firm's mission to develop global centres of excellence in MENA healthcare
DUBAI, UAE, October 22, 2013 /PRNewswire/ --
TVM Capital MENA, the region's first private equity firm dedicated exclusively to the healthcare sector, has signed an affiliation with Spaulding Rehabilitation Network, a US-based global leader in rehabilitative care, long term acute care, home care and related research. As the official teaching hospital of the Harvard Medical School Department of Physical Medicine and Rehabilitation (PM&R), Spaulding is at the forefront of research in the respective fields.
TVM Capital MENA has signed an umbrella contract with Spaulding, as well as individual agreements on behalf of its three Continuum of Care portfolio companies in the field of long-term care, rehabilitation and home care - ProVita International Medical Center, Cambridge Medical & Rehabilitation Center and Manzil Health Care Services. The integrated approach between the Continuum of Care companies allows patients to receive treatment in the most appropriate environment, according to their needs, whilst guaranteeing a consistent level of quality throughout their transition between care levels.
The affiliation with Spaulding will give TVM Capital MENA and the Continuum of Care companies access to unrivalled experience, knowledge and best practice in the sphere of long-term care and rehabilitation, helping to drive regional standards in the sector. Staff will also receive regular education and training by Spaulding representatives and the facilities will undertake auditing and evaluation procedures devised to promote clinical excellence.
TVM Capital MENA Chairman and CEO, Dr. Helmut M. Schühsler said: "We are proud to make a world-renowned healthcare institution like Spaulding Rehabilitation Network an affiliate of the TVM Capital MENA Continuum of Care companies, across all their activities in the MENA region. We have been recognised for excellent work in acute and ventilated patient care at ProVita for several years, and have expanded our services into rehabilitation and home care with Cambridge Medical & Rehabilitation Center and Manzil Health Care Services; adding a clinical performance partner such as Spaulding will reinforce our trajectory from providing great care to becoming true centers of excellence at a global standard. The affiliation will also allow us to be involved also in research and community education efforts, as well as provide our health services to a much larger community across the UAE and the wider MENA region."
"Spaulding is extremely pleased and proud to join with TVM Capital to further develop these important health care services for the people of the MENA region," said David E. Storto, President of the Spaulding Rehabilitation Network. "We are impressed with what has already been accomplished and share their bold vision to complete the continuum of care to meet best the needs of their patients and to provide the most efficient and effective delivery of services," Storto added.
The Spaulding Rehabilitation Network (http://www.spauldingrehab.org) is a recognised leader in rehabilitative medicine, long-term care and home care in Massachusetts, in the United States, and across the globe. Spaulding offers world-class inpatient and outpatient care through a network of six inpatient facilities and 23 outpatient centers, and home care through its sister institution. Its mission is to provide exceptional clinical care, promote medical education, and advance research.
The network is anchored by Spaulding Rehabilitation Hospital Boston, which has been ranked as the #6 rehabilitation hospital in the country by U.S. News & World Report for 2013 and is the only rehabilitation hospital in New England ranked each year since 1995.
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