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SMC Health Care Subsidiary Secures Hospital Contract
SMC Healthcare announced the signing of an management and operation contract for SABIC Specialist Hospital for Behavioral Care with the Ministry of Health, through its subsidiary, Al Mokhtasisi Health Medical Company. The contract covers the complete management and operation of the hospital. The financial impact is expected to begin appearing in the second quarter of the 2027 fiscal year, coinciding with the hospital's actual start of operations. This project is the company's first in the behavioral and psychological care sector and aims to diversify revenue sources and strengthen its presence in the specialized healthcare sector. It also supports the goals of Saudi Vision 2030 to improve the quality of healthcare services and increase private sector participation in the healthcare system.
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