Elegancia Healthcare, a subsidiary of Estithmar Holding, has entered into a strategic agreement with the Ministry of Health to manage and operate the 492-bed Al Nasiriya Teaching Hospital in Dhi Qaar Governorate, Iraq.

The agreement was signed by Dr Rashid Najm al-Khalidi, director general of Dhi Qar Health Department, and Mohamed al-Dawamna, board member of Estithmar Holding, in the presence of the Minister of Health Dr Saleh Mahdi al-Hasnawi, and Sultan bin Mubarak al-Kubaisi, Qatar's envoy to Iraq, and Joseph Hazel, chief executive officer of Elegancia Healthcare.

"This strategic move further enriches and adds to the number of projects and healthcare initiatives spearheaded by Estithmar Holding in Iraq. Through this agreement Elegancia Healthcare will undertake the management and operation of Al Nasiriya Teaching Hospital in the upcoming two months to ensure the delivery of top-tier healthcare services," said Mohamed bin Badr al-Sadah, chief executive officer of Estithmar Holding.

The agreement aims to elevate the current healthcare standards at Al Nasiriya Teaching Hospital, besides enhancing operational efficiency, improving service levels, and expanding its medical specialities. It also seeks to achieve these goals by adopting the latest administrative and operational methodologies, leveraging Elegancia Healthcare's extensive expertise and excellence in managing and operating healthcare facilities.

The agreement includes providing tailored medical services to meet the needs of residents in the governorate and neighbouring areas. It involves providing Al Nasiriya Teaching Hospital with a diverse team of international and local medical experts.

The scope of work covers comprehensive healthcare services, including medical procedures and the operational and maintenance aspects of the hospital, as well as managing human resources, supply chain and offering technical support.

“This agreement underscores our dedication to our business strategy which seeks to expand our presence in the healthcare sector. Our goal is to work towards enhancing and expanding our business portfolio to foster growth opportunities and add value for our shareholders,” al-Sadah said.

Elegancia Healthcare, a subsidiary of Estithmar Holding, has an extensive track record in operating and managing several hospitals. Among its notable ventures, Elegancia co-owns and operates The View Hospital in collaboration with Cedars- Sinai, and the Korean Medical Center in Darb Lusail, Qatar, in partnership with prominent South Korean medical institutions, including Asan Medical Center, AHNKANG, EHL Bio, Lime Tree Dental Hospital and JK Medical Group.

Moreover, it has broadened its global presence commencing the establishment of the Algerian-Qatari-German Hospital in partnership with the Algerian Ministry of Health.

Besides, Elegancia Healthcare has signed a memorandum of understanding with the Ministry of Health in Uzbekistan to establish a multi-speciality healthcare facility and undertake other healthcare initiatives across various countries.
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