L-R: Kevin Love, Project Manager, Spaulding Rehabilitation Network, Rod Carnifax, President, Partners HeathCare at Home, Dr. Helmut M. Schuehsler, Chairman & CEO, TVM Capital MENA, Hoda Abou-Jamra, Founding Partner, TVM Capital MENA, Maureen Banks, COO, Spaulding Rehabilitation Network, David Storto, President, Spaulding Rehabilitation Network and Partners Continuing Care, Robert McCall, VP of Inpatient Rehabilitation, Spaulding Rehabilitation Network. Location: Spaulding Rehabilitation Hospital Boston

From left to right: Kevin Love, Project Manager, Spaulding Rehabilitation Network, Rod Carnifax, President, Partners HeathCare at Home, Helmut Schühsler, Chairman & CEO, TVM Capital MENA, Hoda Abou-Jamra, Founding Partner, TVM Capital MENA, Maureen Banks, COO, Spaulding Rehabilitation Network, David Storto, President, Spaulding Rehabilitation Network and Partners Continuing Care, Robert McCall, VP of Inpatient Rehabilitation, Spaulding Rehabilitation Network Location: Spaulding Rehabilitation Hospital Boston Courtesy of Spaulding Rehabilitation Network

Agreement reinforces the PE firm’s mission to develop global centres of excellence in MENA healthcare

UAE, 22.October 2013: TVM Capital MENA, the region’s first private equity firm dedicated exclusively to the healthcare sector, has signed an affiliation with Spaulding Rehabilitation Network, a US-based global leader in rehabilitative care, long term acute care, home care and related research. As the official teaching hospital of the Harvard Medical School Department of Physical Medicine and Rehabilitation (PM&R), Spaulding is at the forefront of research in the respective fields.

TVM Capital MENA has signed an umbrella contract with Spaulding, as well as individual agreements on behalf of its three Continuum of Care portfolio companies in the field of long-term care, rehabilitation and home care – ProVita International Medical Center, Cambridge Medical & Rehabilitation Center and Manzil Health Care Services. The integrated approach between the Continuum of Care companies allows patients to receive treatment in the most appropriate environment, according to their needs, whilst guaranteeing a consistent level of quality throughout their transition between care levels.

The affiliation with Spaulding will give TVM Capital MENA and the Continuum of Care companies access to unrivalled experience, knowledge and best practice in the sphere of long-term care and rehabilitation, helping to drive regional standards in the sector. Staff will also receive regular education and training by Spaulding representatives and the facilities will undertake auditing and evaluation procedures devised to promote clinical excellence.

TVM Capital MENA Chairman and CEO, Dr. Helmut M. Schühsler said: “We are proud to make a world-renowned healthcare institution like Spaulding Rehabilitation Network an affiliate of the TVM Capital MENA Continuum of Care companies, across all their activities in the MENA region. We have been recognised for excellent work in acute and ventilated patient care at ProVita for several years, and have expanded our services into rehabilitation and home care with Cambridge Medical & Rehabilitation Center and Manzil Health Care Services; adding a clinical performance partner such as Spaulding will reinforce our trajectory from providing great care to becoming true centers of excellence at a global standard. The affiliation will also allow us to be involved also in research and community education efforts, as well as provide our health services to a much larger community across the UAE and the wider MENA region.”

“Spaulding is extremely pleased and proud to join with TVM Capital to further develop these important health care services for the people of the MENA region”, said David E. Storto, President of the Spaulding Rehabilitation Network. “We are impressed with what has already been accomplished and share their bold vision to complete the continuum of care to meet best the needs of their patients and to provide the most efficient and effective delivery of services” Storto added.

The Spaulding Rehabilitation Network is a recognised leader in rehabilitative medicine, long-term care and home care in Massachusetts, in the United States, and across the globe. Spaulding offers world-class inpatient and outpatient care through a network of six inpatient facilities and 23 outpatient centers, and home care through its sister institution. Its mission is to provide exceptional clinical care, promote medical education, and advance research.

The network is anchored by Spaulding Rehabilitation Hospital Boston, which has been ranked as the #6 rehabilitation hospital in the country by U.S. News & World Report for 2013 and is the only rehabilitation hospital in New England ranked each year since 1995.

-ENDS-

Notes to editor

About TVM Capital MENA

TVM Capital MENA Limited is a private equity firm focusing on growth capital investments in healthcare in the Middle East and North Africa (MENA); as the region’s first private equity firm dedicated exclusively to the healthcare sector, it offers a highly focused and effective approach. The company has broken new ground with portfolio investments in specialized services that were either non-existent or drastically undersupplied e.g. long-term care, rehabilitation, 24/7 and intermittent home care and world-class fertility treatment. TVM Capital MENA is committed to upholding the highest standards of international best practice and corporate governance developed by the European Venture Capital and Private Equity Association (EVCA). TVM Capital MENA Chairman & CEO Dr Helmut M. Schuehsler served as chairman of the European Private Equity and Venture Capital Association (EVCA) in 2007-2008. The firm operates out of the Dubai International Financial Center and is licensed and regulated by the DFSA. TVM Capital MENA is an affiliated member of TVM Capital Group worldwide, which has a track record of making more than 120 investments in the sector and more than 40 initial public offerings from its portfolio of companies. TVM Capital Group currently manages around US$1bn of Healthcare and Life Science investment capital from more than 50 international investors. For more information please refer to: www.tvm-capital.ae

Continuum of Care Companies

TVM Capital MENA’s three Continuum of Care portfolio companies are ProVita International Medical Center (Abu Dhabi & Al Ain), Cambridge Medical & Rehabilitation Center (Abu Dhabi & Al Ain) and Manzil Health Care Services. ProVita offers long-term care for ventilated patients and those requiring continuous medical and nursing intervention for serious medical conditions in a non-hospital setting. Cambridge delivers highly individualized care for patients requiring short-term comprehensive rehabilitation on the road to recovery, or inpatient medical treatment for longer-term chronic disease management. Manzil provides intermittent and 24 hour medical, nursing and rehabilitation support in the comfort of the patient’s home.
This integrated approach between the companies allows patients to receive care in the most appropriate environment, according to their needs, whilst guaranteeing a consistent level of quality care throughout their transition between care levels.