Medcare acquires 60% of Skin111 expanding into wellness and beauty to bolster UAE tourism
10 Oct 2022 --- Subsidiary of Aster DM Healthcare group, Medcare, has acquired a 60% share in Skin111 Clinics to expand into the premium wellness and beauty care space in the United Arab Emirates (UAE).
“With the acquisition of Skin111, we are entering into a niche area of looking at effective skin care services with infusions such as NAD plus, vitamin boost, etc., that provide that extra care for our skin and body. We partner with Dr. Shahram Nabili on this area of immense interest among the tourists and residents alike in Dubai,” says Alisha Moopen, deputy managing director at Aster DM Healthcare.
“Skin 111, the name itself, talks about the three layers of the skin. It is our biggest organ and connection between the external world and our inner body. External factors such as heat, air conditioning affect the quality of our skin. Similarly, the effects of our diet, sleep, travel and stress become evident through the skin texture, laxity and glow.”
Skin111 Clinics is a chain of wellness centers that provide invasive and non-invasive beauty treatments that combine medicine with wellness and beauty, such as detoxification IV infusions.
Holistic strategy
The acquisition is expected to accelerate Medcare’s plan to become an international health, beauty and wellness hub. Skin111 is an addition to Medcare’s network of four hospitals and over 20 medical centers in the UAE.
“The acquisition of Skin111 is part of our overall strategy to expand the scope of our operations and become leaders in aesthetic and anti-aging segments in the UAE, contributing to Dubai’s vision to become a medical tourism hub within the region,” adds Dr. Shanila Laiju, CEO at Medcare Hospitals and Medical Centres.
Skin111 is an addition to Medcare’s network of four hospitals and over 20 medical centers in the UAE.
“We are advancing our healthcare service strategy to provide holistic health solutions to our patients in the UAE and other parts of the world. The Skin111 acquisition will enable us to meet our patients’ cosmetic and aesthetic needs. Our objective is to address beauty and wellness as a fully functioning system, driven by practice-led services and personalized technology to create better experiences for our patients.”
International ambitions
Skin111’s offerings will merge into Medcare’s service portfolio. Skin111 focuses on bespoke beauty, anti-aging, aesthetic dermatology and general medicine. It also offers patients preventative solutions for early diagnosis of genetically driven chronic conditions.
“We expect this partnership will take Skin111 to the next level in providing bespoke medical and well-being services to patients from different parts of the world,” comments Dr. Shahram Nabili, CEO of Skin111.
“ Our unique focus on novel rejuvenation and anti-aging techniques allows us to offer vitamin and mineral analysis leading to scientifically backed tailor-made treatment plans for all our clients.”
In related news, Egyptian Company for Cosmetics acquired a majority stake in Egypt-based Source Beauty for US$5 million.
Edited by Venya Patel
