Monday, August 15, 2022
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MUrgency Purchased Majority Stake in Ziqitza Healthcare Ltd

MUrgency Group, a holding company for multiple business based out of USA, UAE and India has entered into definitive share purchased agreements along with a set of investors in Ziqita Health Care Limited, a leading private sector company in transportation and emergency medical response, with a clear path to the majority of shareholder.

Post the conclusion of the transaction, necessary approvals and documentation, MUrgency Group will be taking both board and management control of Ziqita Healthcare Limited. Shaffi Mather will be taking over as the non-executive chairman and Sweta Mangal as the group CEO of the combined Ziqita Group and MUrgency.

The USA’s and world’s largest emergency medical response and life support ambulance service company known as Global Medical Response Inc., USA, owned 100 percent by KKR, USA, is continuing to remain an investor and 10.71 percent stakeholder in Ziqita Healthcare Limited at this particular time.

Followed by the completion these transactions, MUrgency Group will be through Ziqita Healthcare Limited have a pan India presence in the emergency medical response and transportation industry along with the operations in 28 states in India with over 3600 ambulance and over 12000 employees with a  medical transport operation of over 15000 patients every day.

Till date, Ziqita has transported over 50 million patients every day and the company still operating in the ambulances in UAE and India. Ziqita is also positioning to grow its services across the six GCC nations including Saudi Arabia, Bahrain, Kuwait, Qatar, Oman and UAE in the next few years.