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Almoosa Health Company, deemed a private healthcare leader, started in 1996 as Almoosa General Hospital, the first private hospital in Al Ahsa. Today, it is an integrated healthcare ecosystem with 730 beds in Saudi Arabia’s Eastern Province.
The Company provides integrated healthcare services that include primary, acute and rehabilitative care along with ancillary services such as pharmaceutical, home healthcare and telemedicine.
Al Moosa Specialist Hospital, a 430-bed facility, is internationally accredited and renowned for its Centers of Excellence across various medical specialties. It is home to Al Ahsa’s first comprehensive cancer center, providing advanced oncology care. The hospital also features the region’s only licensed helipad and is distinguished as Saudi Arabia’s first comprehensive stroke center.
Al Moosa Rehabilitation Hospital, a 300-bed facility launched in late 2023, has partnered with the renowned Shirley Ryan AbilityLab to provide a wide range of specialized centers and services. As one of the few private hospitals in Saudi Arabia to offer inpatient mental health care, it plays a vital role in addressing the country’s healthcare needs. The hospital also supports Vision 2030 by enhancing the nation’s physical and mental rehabilitation infrastructure.
Almoosa Health in Numbers
2
Hospitals
290
Clinics
730
Bed capacity
1,117,983
Patients
337
Physicians
SAR 1,202.3 mn
Revenue
22.5%
EBITDA Margin
SAR 187 mn
Operating Profit
-
2
Hospitals
-
290
Clinics
-
730
Bed capacity
-
1,117,983
Patients
-
337
Physicians
-
SAR 1,202.3 mn
Revenue
-
22.5%
EBITDA Margin
-
SAR 187 mn
Operating Profit
Message from
our CEO“After nearly thirty years, we continue to serve with passion, lead with innovation and promote community transformation. Today, we operate a leading integrated healthcare ecosystem offering a comprehensive range of services to patients across the care continuum, and our aim is to double current bed capacity while focusing on key areas such as investment in human capital, promoting greater health awareness and building on our leadership in quality care. Driven by our commitment to maintaining strong operating leverage and efficiencies that enhance financial performance, I am confident that our ongoing efforts will position Almoosa Health for long-term success and create lasting value for our patients and our shareholders.”
Mr. Malek Almoosa
Chief Executive Officer
Investment Highlights
With a comprehensive integrated healthcare portfolio serving Saudi Arabia's Eastern Province, Almoosa Health Company presents a compelling value proposition as it serves a rapidly evolving region which stands as the Kingdom's prime hub for energy, petrochemicals and mining.
- The Kingdom of Saudi Arabia’s long-term economic outlook is robust, driven by Vision 2030’s strategic Realization Programs with targeted economic diversification initiatives.
- The Saudi healthcare market is forecast to grow at 6.5% CAGR between 2023 and 2030 to reach SAR 360 bn, with rising private sector contribution reaching 25% by 2030 compared to 18% in 2023.
- The Kingdom’s 60+ year group is expected to grow fastest at a CAGR of 10% from 2022 to 2030, nearly 8 times the overall population growth rate.
- The Eastern Province, where Almoosa Health Company is present, is home to nine of the largest oil fields by reserves and is emerging as the Kingdom’s prime energy, petrochemicals and mining hub.
- This dynamic is poised to drive growing demand on healthcare services in the region.
- Almoosa Health Company is a leading integrated healthcare provider with a strong focus on patient needs through diversified services including Primary and Acute Care. In addition, the company also provides Rehabilitation and extended care services including Home Healthcare and Pharmacy.
- The Company plans to open five standalone primary healthcare centers by 2027, providing nine different specializations enabling a feeder network that provides comprehensive care along the patient’s journey.
- The Company aims to further expand its core multispecialty infrastructure by adding two new hospitals. The first hospital in Al Hofuf with a capacity of 300 beds by 2027, and the second in Khobar with a capacity of 400 beds by 2028. This will help bridge the acute care gap in the Eastern Province, which currently has 2.5 beds per 1,000 people compared to the average 3.2 beds per 1,000 people for OECD countries.
- Almoosa Health Company also operates ancillary services that support its primary operations and include pharmaceutical, home healthcare and telemedicine services.
- The Company’s approach is to provide comprehensive care, allowing its patients to obtain services that support them throughout their recovery journey.
- Innovative care management strategies and modern technologies guarantee a comprehensive and effective experience across various aspects of healthcare, enhancing patient satisfaction and improving outcomes through personalized, comprehensive care.
- Almoosa Health Company’s revenue grew at a CAGR of 19.6% between 2021 and 2024, backed by strong fundamentals including the opening and ramp-up of the North Tower at Al Moosa Specialist Hospital and the Rehabilitation Hospital, growth in out-patient and in-patient volumes, and higher revenue per patient.
- Between 2021 and 2024, Almoosa Health Company’s EBITDA growth outpaced revenue growth at a CAGR of 37.1%, primarily driven by workforce optimization, increases in both the volume and value of services, and expansion of clinical services.
- Almoosa Health Company’s EBITDA margin has significantly improved over time, expanding from 15.0% in 2021 to 22.5% in 2024.
- Almoosa Health Company’s net income grew by a CAGR of 15.1% during 2021-2024, primarily driven by expansion and setting a platform for future continued margin improvement.
- Almoosa Health Company has a clear growth strategy, with a plan to add around 700 beds by 2028, resulting in 4 hospitals with 1,430 beds and 5 primary care centers.
- The Company plans to open Al Moosa Specialist Hospital in Al Hofuf in 2027 with a capacity of 300 beds, 200 clinics and a pharmacy.
- Thereafter, the Company plans to open Al Moosa Specialist Hospital in Al Khobar in 2028 with a capacity of up to 400 beds and several centers of excellence, including 300 clinics and a pharmacy.
- Almoosa Health Company also plans to establish five primary care centers in the Eastern Province, specifically in Al Ahsa, Al Khobar and Dammam over 2025 to 2027.
- Al Moosa Specialist Hospital in Al-Ahsa employs state-of-the-art technology to enhance patient engagement and improve decision-making processes in healthcare. Almoosa is committed to integrating advanced health IT solutions to facilitate better patient care and optimize hospital operations.
- Patient-dedicated application allowing patients to book appointments and conduct virtual consultations conveniently.
- Health Information Systems utilizing HIS and Yasassii to manage, store, retrieve, and analyse patient health information efficiently.
- HIMSS Stage 7 Accreditation achieved due to the hospital’s advanced use of health IT, indicating a superior level of technology adoption and integration.
- Advanced Medical Equipment:
- Tesla 3 MRI: Used for high-resolution imaging, enhancing diagnostic accuracy.
- Hybrid Operating Rooms: Equipped with the latest technology to perform complex surgeries.
- Automated Systems: Includes both laboratory and pharmacy services, streamlining workflows and reducing error rates.
- Almoosa Health Company is led by a visionary and experienced management team, with an average industry experience of c. 25 years, spearheaded by CEO Mr. Malek Almoosa.
- The Chief Financial Officer and Chief Operating Officer have 29 and 21 years of professional experience, respectively.
- Almoosa Health Company’s management team is guided by an experienced and diverse Board of Directors, dedicated to upholding high standards of corporate governance, and led by the Founder and Chairman Mr. Abdulaziz Almoosa.
Strategy
People
Attracting, educating, and developing talented practitioners and employees who provide the highest levels of care and promote health awareness.
Patient Safety and Quality of Service
Maintaining its role as a regional leader by achieving superior patient safety outcomes through continuous and effective improvement.
Patient Experience
Fulfilling its national duty by improving the experience of patients and their families.
Health Awareness
Promoting physical, emotional, intellectual, social, spiritual, environmental and occupational health by integrating all of these dimensions into its decisions and activities.
Performance
Improving personal, operational, professional and financial performance to achieve its mission and vision.
Almoosa Health’s Pledge
The Company promises to add value for its Shareholders and meet the diverse needs of its community in an equitable and inclusive manner. It also pledges to invest in the sustainability of its environment and community, and is committed to enhancing governance and inspiring continuous transformation in healthcare.
-
People
Read MoreAttracting, educating, and developing talented practitioners and employees who provide the highest levels of care and promote health awareness.
-
Patient Safety and Quality of Service
Read MoreMaintaining its role as a regional leader by achieving superior patient safety outcomes through continuous and effective improvement.
-
Patient Experience
Read MoreFulfilling its national duty by improving the experience of patients and their families.
-
Health Awareness
Read MorePromoting physical, emotional, intellectual, social, spiritual, environmental and occupational health by integrating all of these dimensions into its decisions and activities.
-
Performance
Read MoreImproving personal, operational, professional and financial performance to achieve its mission and vision.
-
Almoosa Health’s Pledge
Read MoreThe Company promises to add value for its Shareholders and meet the diverse needs of its community in an equitable and inclusive manner. It also pledges to invest in the sustainability of its environment and community, and is committed to enhancing governance and inspiring continuous transformation in healthcare.
