Eversheds Sutherland advises Gulf Capital

Eversheds Sutherland has advised Gulf Capital on its acquisition of a controlling stake in ACCUMED Practice Management, the leading revenue cycle management (RCM) company in the GCC. Gulf Capital is one of the largest and most active alternative asset management firms in the Middle East.

ACCUMED leverages its proprietary technology and processes to help public and private healthcare providers in the UAE, KSA and Kuwait to improve medical documentation, enhance billing cycles, optimise revenues and accelerate collections. The firm is the first, and currently the largest, in the Middle East to offer RCM managed services, and has managed more than nine million medical claims worth over AED4.1 billion till date.

This latest acquisition represents Gulf Capital’s fourth investment in the technology sector. Gulf Capital has become one of the largest technology investors in the GCC, having injected to date over half a billion dirhams in regional technology, internet and e-commerce companies.

The Eversheds Sutherland Middle East team was led by partner Zeid Hanania, with assistance from principal associate Hani Nassef and associates Ramzi Noursi and Eliza Grant.