UAE’s APEX Investment, Sheba Hospital Ink Deal On Healthcare Innovation

The United Arab Emirates’ PINNACLE National Financial investment, a leading investment company in the federation, signed a memorandum of understanding (MoU) with Israel’s Sheba Medical Center, the largest health center in the nation, to collaborate on health care tech and development services.

The offer was revealed on Thursday and a finalizing ceremony is anticipated later on this month in the UAE’s capital Abu Dhabi.

The two parties said they will work together on key medical challenges ranging from fighting COVID-19 and medical education and research through medical tourism, and the future of healthcare facility care. Newsweek recently named Sheba among the 10 best healthcare facilities worldwide for the 2nd consecutive year.

An essential part of the contract will be Sheba’s “Gulf” initiative based upon the medical center’s ARC (Speed Up Redesign Collaborate) model to include development into medical centers and new digital health technologies into the health care ecosystem. The project “will highlight a physical center, a specialized team, leading startups, thorough data facilities and an expansive network needed to springboard development in the area and beyond,” the parties said in a joint declaration.

APEX and ARC will harness health care data from the UAE, Israel, and other partners through ARC’s big data and computational capabilities, and incorporate international technologies with partners and consumers through customized programs.

PINNACLE National Financial Investment Chairman Khalifa Khoury said the contract “shows the level of the two nations’ interest in establishing and reaching the greatest requirements in the field of health to serve the individuals in the area, as well as an extension of both states efforts in establishing advanced innovation in the medical field.”

Sheba Medical Center’s Director-General Teacher Yitshak Kreiss said the medical facility was “happy to be the very first Israeli health center to sign such a historical agreement with a distinguished business in the UAE.”

Kreiss stated he thinks the agreement “will change the characteristics of healthcare and innovation in the UAE and serve as a harbinger of ‘peace and prosperity’ in the Gulf region and beyond, where hope knows no boundaries.”

Israel and the UAE revealed a US-brokered normalization pact last month that paves a path for the federation to end up being the third Arab country to sign a peace agreement with Israel, after Egypt and Jordan. The development was welcomed with enjoyment and hope and a variety of offers between personal business are currently in the works.

Last week, Israel reached its first formal arrangement with the UAE on the nationwide level, signing a banking MoU that will see a joint committee established to advance cooperation in finances and investments in the capital market.

The post UAE’s PEAK Financial investment, Sheba Hospital Ink Offer On Healthcare Innovation appeared initially on NoCamels.