Response Plus Medical (RPM), a provider of pre-hospital medical services, has acquired UK-based healthcare training and consultancy services company Prometheus Medical.
The financial terms of the transaction were not revealed.
Prometheus Medical, part of Safeguard Medical, specialises in providing emergency medical technologies and training for first responders.
The acquisition by RPM, which is listed on the Abu Dhabi Securities Exchange, will combine the strengths of two healthcare companies.
It is expected to enhance RPM's global healthcare platform, particularly for Energy and Defense companies.
RPM is part of Response Plus Holding, which was established in 2010 to provide onsite healthcare and medical emergency services.
RPM currently operates 500 clinics, primarily serving the oil and gas and industrial sectors, with a client base that includes Oxy, ADNOC, Schlumberger, and Halliburton.
The acquisition of Prometheus will enable RPM to extend its services to global oil majors, such as Shell and Chevron, and defence organisations, including the UK's Military, the UK Security, Royal Flight of Oman, and the NHS emergency services.
It is said to speed up RPM's entry into the UK and Nordic market, helping people gain access to comprehensive emergency consultancy and training services.
Prometheus’ acquisition will allow RPM to strengthen its training capabilities and expand its consultancy services for emergency preparedness and response.
As part of the acquisition, RPM will become a distributor for Safeguard Medical's trauma care and simulation products across the Gulf Cooperation Council countries and India, introducing advanced trauma products to these markets.
RPM CEO Dr Rohil Raghavan said: “This move further solidifies our position as the preferred healthcare provider for energy and defence entities worldwide. We eagerly anticipate integrating Prometheus's expertise into our offerings as part of our ongoing mission to deliver exceptional healthcare solutions.”
RPM's strategy post-acquisition includes integrating all aspects of pre-hospital healthcare services.
The acquisition will be funded through debt and internal accruals. It will further contribute to RPM’s early teen inorganic revenue and earnings before interest, taxes, depreciation, and amortisation growth on a run-rate basis.
Prometheus Medical Training and Consultancy president Steven Wines added: “This is a pivotal moment for both organisations, paving the way for an integrated healthcare solutions provider encompassing pre-hospital services and specialised training and consultancy services.”
