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GFH Financial expands US presence as it acquires Big Sky Asset Management

January 5, 2023
real estate

Bahrain’s GFH Financial Group is expanding its presence in the United States with the acquisition of a majority stake in Big Sky Asset Management, a real estate asset manager focused on the healthcare segment.

The acquisition has just been completed and it will “reflect positively” on the company’s financials, GFH said in a bourse filing on the Dubai Financial Market (DFM) on Wednesday.

Big Sky has over two decades of experience in investing and managing healthcare assets, with more than $2 billion in cumulative transaction value.

The deal of undisclosed value follows the earlier acquisition in May 2022 of US-based SQ Asset Management, a specialist in student housing in prime US states and cities.

“Big Sky has strong capabilities in sourcing, acquiring and managing healthcare assets with a specialized focus on medical clinics and life sciences real estate,” the statement said.