NLC Health Ventures and HMG are announcing partnership to accelerate global health tech innovations

Dr. Sulaiman Al-Habib Medical Services Group Company (HMG) partners with NLC Health Ventures to accelerate global health tech innovations

Riyadh / Amsterdam, 22nd of October 2024
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Dr. Sulaiman Al-Habib Medical Services Group Company (HMG), one of the largest and fastest-growing healthcare providers in the Middle East, has entered into a strategic partnership with NLC Health Ventures, a world-leading venture builder in health tech. 

For nearly three decades, HMG has been at the forefront of healthcare, offering high-quality services and pioneering digital and technology enabled patient care. With its latest initiative the HMG Innovation Growth Hub (HIGH), HMG has set its sights to revolutionize health and wellness by fostering groundbreaking solutions that align with Saudi Arabia’s Vision 2030. HIGH functions as both an internal incubator and an external accelerator, nurturing innovations to transform healthcare delivery across the region and beyond.

"At NLC, we are passionate about transforming great ideas into impactful health solutions. By partnering with HMG, we are uniting world-class medical expertise with the entrepreneurial spirit of Europe’s largest health tech ecosystem. This collaboration is set to contribute to improved health outcomes on a global scale," said Bert-Arjan Millenaar, CEO and founder of NLC Health Ventures.

Building on the strengths of both organizations, this partnership combines HMG’s deep clinical experience with NLC’s proven expertise in creating and scaling successful health ventures. Together, they aim to design, develop, and scale innovative medical services that can be deployed within Saudi Arabia and beyond.

"Through our partnership with NLC Health Ventures, we aim to harness innovative health technologies that will elevate the quality of care we provide to our patients. At HMG, our focus remains on setting new benchmarks in healthcare services, reaching more people across the Kingdom, and globally. By leveraging HMG’s clinical capabilities, data access, and infrastructure with NLC's venture-building expertise, we are positioned to drive meaningful impact and elevate healthcare innovation both within our local community and on a global scale," said Faisal Al Nassar, President and Group CEO of HMG.

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NLC X HMG Ideas Shape the World Challenge‍

As part of their commitment in accelerating healthcare innovation, HMG and NLC are launching the NLC X HMG Ideas Shape the World Challenge, a global innovation initiative aimed at identifying and nurturing breakthrough ideas in health tech. Innovators from around the world—whether individuals, teams, university graduates, or established companies—are invited to submit concepts for medical devices or technologies that address unmet needs in healthcare and wellness.

The challenge seeks transformative ideas that have the potential to significantly impact patient care, enhance employee well-being, or streamline healthcare business operations. The most promising ideas will be awarded up to 500,000 SAR in investment alongside expert support from HMG and NLC to help bring the ideas to life. 

This strategic alliance between HMG and NLC Health Ventures marks a significant step towards creating innovative solutions that address pressing global health challenges. 
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About Dr. Sulaiman Al-Habib Medical Services Group Company (HMG)‍

Dr. Sulaiman Al Habib Medical Services Group Company (HMG) is a diversified healthcare and solutions leader in the Middle East, recognized for comprehensive healthcare services, forward thinking innovation and the superior patient experience in the region. The group is proud of the 30 years’ history with a growing footprint currently at 20,000 employees, of which 4,000 physicians, 1,900+ beds, 1,370+ clinics (with 60+ sub-specialties).

HMG broadens our current medical services, addressing diverse healthcare aspects  in three categories: medical services, digital solutions and pharmacies through a wide range of HMG Solutions e.g. Cloud Solutions, Flow Medical, MD Labs etc. and partners. 

HMG has the experience, expertise and culture to deliver the highest standard of modern healthcare in the Kingdom and throughout the region. Across our vast network of medical facilities and services, pharmacies, advanced laboratories, software and medical technology businesses, we push the boundaries of innovation and customer experience to serve our patients and the larger community and create sustainable value for all our stakeholders. We have obtained a proven track record of sustained organic growth by delivering on our high standards of quality of care and expertise to our patients.