UAE: Modern Pharmaceutical, Thumbay Pharmacies sign "Groundbreaking" agreement
Modern Pharmaceutical LLC (MPC) and Thumbay Pharmacies of the Thumbay Group, in a joint press release announced an agreement that will authorise MPC to take over the management of all operations of Thumbay Pharmacies.
The two companies described the deal as "Groundbreaking and Market Changing Agreements" in UAE.
MPC is a leading healthcare distributor with a successful track record of more than 50 year of market presence representing top global players in pharma, health and consumer care.
Thumbay Group on the other hand is a diversified business conglomerate with operations across 20 sectors, including hospitals, clinics, and pharmacies in UAE and India.
"Two major players in the healthcare sector have agreed to join forces in the pharmacy business authorising MPC to take full operational control of all Thumbay Pharmacies with immediate effect," the press statement stated.
"Thumbay's vision 2021 was to put a stronger focus on the running of its hospital operations, while MPC had a concept offering to run operations for pharmacies as a one-stop-service. Under the innovative agreements, Thumbay will transfer the management and financial governance of its pharmacy estate to MPC’s Patient & Customer Division. Thumbay and MPC will then work together to provide an integrated approach to healthcare provision for Thumbay’s pharmacy customers in hospitals and community settings," it added.
"MPC's concept empowers healthcare organizations to focus on their core business while utilizing MPC’s service excellence, network, systems capabilities, and leadership support to manage and enhance their pharmacy operations benefiting also from MPC’s market presence. “Make medicine and healthcare services more accessible” the same vision and similar corporate values shared by MPC & Thumbay have been a great foundation to frame and seal the partnership. Thumbay pharmacies will be benefiting from MPC’s operational excellence, system applications, partner portfolio, logistics, product security, compliance & marketing to provide the best possible services to patients and pharmacy customers in the UAE. MPC under a fixed term management contract, will take over the entire operational control of all pharmacies while the ownership of the Pharmacy estate will remain with Thumbay Group," it further added.
About MPC:
A part of Albatha Holding, MPC Modern Pharmaceutical Company (LLC) was founded with one primary aim - becoming the leading healthcare distributor in the UAE. Hence, the organization invested in the best physical and digital infrastructure, automation, logistics, and people to guarantee all partners and customers the most advanced facilities and services possible. Over the last decades, the initial vision has become a successful UAE story. MPC is leading the market as the strongest healthcare distributor, providing pharmaceutical, medical, and healthcare products to more than 2,500 pharmacies, hospitals, institutions, retailers, and wholesalers representing global market leaders in the UAE. www.mpchealthcare.com / www.albatha.com
About Thumbay Pharmacies:
Thumbay Pharmacy is a well-known and trusted brand in retail pharmacy services within the UAE and part of Thumbay Group, a UAE-based diversified business conglomerate with operations across 20 sectors. The organization grew to be a well-established healthcare business with thousands of satisfied customers served by its team of committed healthcare professionals. Thumbay Pharmacies always aim to serve as a one-stop solution for all queries on medicines & associated products both in terms of availability and advice. www.thumbaypharmacy.com / www.thumbay.com
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Bhatkal: New Shams School pays tribute to SM Syed Khalil
Bhatkal: The management and students of New Shams School gathered during their morning assembly on Saturday to mourn the demise of SM Syed Khalil, a prominent NRI businessman and a guiding force for the school.
Addressing the assembly, Education Board member Moulana Ziya Ruknuddin reflected on Syed Khalil’s remarkable life journey. He highlighted how Khalil, born under challenging circumstances following his father’s death before his birth, overcame significant obstacles to achieve great success.
“Khalil’s life is an inspiration for all of us,” Maulana Ruknuddin said, urging students to draw lessons from his resilience, dedication, and humility. He also emphasized Khalil’s commitment to supporting education and his role in uplifting the people of Bhatkal.
Moulana Ziya further acknowledged Khalil’s contributions to the school, noting his instrumental role in constructing the new campus of New Shams School. He described Khalil as a mentor and guide who was always available to offer his support and vision for the betterment of the institution.
Principal Liyaquat Ali and Board Secretary Syed Qutub Barmawar also attended the ceremony, along with teachers and other staff members, as they joined the students in paying tribute to the beloved community leader.
