TVM Capital in affiliation deal with Joslin
Dubai, March 17, 2014
TVM Capital Healthcare Partners, the region's first private equity firm dedicated exclusively to the healthcare sector, has signed an affiliation with US-based Joslin Diabetes Center.
Located in Boston, Massachusetts, Joslin is the world's leading diabetes research, clinical care and education organisation dedicated to the prevention, treatment and cure of diabetes. Joslin is an independent, non-profit institution affiliated with Harvard Medical School.
With a high prevalence of diabetes in the region, TVM Capital Healthcare Partners is among the first to address the growing need in the UAE with diabetes-specific services through several of its portfolio companies.
The partnership will support TVM Capital Healthcare Partners in its mission to develop healthcare centres of excellence in long-term care, rehabilitation and home care in the region, and encourage more Mena patients to be treated locally instead of travelling abroad for treatment.
The contract includes individual agreements on behalf of TVM Capital Healthcare Partners' three "Continuum-of-Care" portfolio companies in the field of rehabilitation, home care and long-term care.
Specifically, Joslin will work with the Cambridge Medical & Rehabilitation Center and Manzil Health Care Services facilities to enhance their diabetes disease management programs by providing clinical protocols and guidelines, family/patient education resources and materials as well as an in-depth training program for professional staff. Joslin will also provide an education and training program for Provita International Medical Center staff who care for ventilated patients with diabetes and related complications.
TVM Capital Healthcare Partners chairman and CEO, Dr Helmut M Schühsler, said: "Diabetes care is an increasingly important focus for Mena healthcare providers due to the high incidence of the disease, coupled with a lack of specialized services. By partnering with the world's leading organization in diabetes research and clinical care, TVM Capital Healthcare Partners is able to offer unrivalled education and training to its staff who are delivering care in a number of settings across the portfolio companies. We believe this will help us to develop the facilities into centers of excellence that provide world-class care to Mena patients."
John L Brooks, president and CEO of Joslin Diabetes Center, added: "We look forward to working with TVM Capital Healthcare Partners and its portfolio companies to bring state-of-the-art care to people with diabetes and related conditions in the region. It makes perfect sense to integrate diabetes management into the holistic care given to patients in the rehabilitation and home environments. Together, our combined disciplines will help achieve improved patient health and quality of life outcomes."
TVM Capital Healthcare Partners also has an affiliation with Spaulding Rehabilitation Network, a Harvard Medical School teaching hospital and a US-based, global leader in rehabilitative care, long-term acute care, home care and related research. - TradeArabia News Service