Amanat Holdings Expands Into UK Market with Cornerstone Acquisition
Dubai-based Amanat Holdings has officially marked its entry into the UK healthcare market by acquiring Cornerstone Healthcare Holdings. The transaction, executed through Amanatâs subsidiary, Cambridge Health Group (CHG), involves an initial enterprise value of ÂŁ71 million, which could rise to ÂŁ76 million based on future performance targets. This strategic move, funded through internal company resources, is expected to provide returns that exceed the groupâs established investment benchmarks.
The acquisition of Cornerstoneâpreviously owned by private equity firm Ignite Growthâadds four specialized care facilities in Southern England to CHG's portfolio. These homes provide critical support for patients dealing with complex needs, including neuro-progressive conditions and severe mental health challenges. This deal pushes CHGâs total capacity past 1,000 beds, aligning with Amanatâs broader vision to reach over 1,500 beds in the medium term. With this latest expansion, Amanat has now deployed approximately Dh0.9 billion of its Dh1.5 billion investment strategy, reflecting a significant step forward in the company's commitment to scaling its healthcare and education footprint across key international regions.