Saudi Arabia’s Dr. Soliman Abdulkader Fakeeh Hospital Company has stepped into expansion mode, sealing a binding deal to take just over half of Diagnostic Elite — the teleradiology and imaging specialist that’s been steadily stitching itself into the Kingdom’s healthcare network.
The agreement hands the hospital group a 50.01% stake for 70 million riyals, a transaction crafted without profit to the seller, yet heavy with strategic intent. Diagnostic Elite’s current shareholder holds 30,506 of the company’s 61,000 shares, a slim numerical majority that now changes hands with clear marching orders.
Most of the investment — more than three-quarters — is already earmarked for scaling up the company’s operate-and-manage model. Six imaging centres are humming across Jeddah, Makkah, Madinah, Khamis Mushait and Yanbu, but the blueprint stretches further: ten additional facilities are lined up, ready to push the company’s reach across Saudi Arabia’s fast-maturing healthcare landscape.
The acquisition signals not just ownership, but an intent to amplify a growing diagnostic ecosystem — turning a cluster of centres into a nationwide grid of medical imaging hubs.
