Pure Health buys one of the U.K.’s largest independent hospital operators in a $1.2 billion deal

ADQ, Pure Health’s largest shareholder, is one of the Middle East’s largest holding companies with a broad portfolio of large Abu Dhabi firms.

Last week, Pure Health bought one of the U.K.’s largest independent hospital operators in a $1.2bn deal. Circle Health Group operates 53 private hospitals and marks Pure Health’s entrance into the British market. The news came three months after a deal was finalized for a minority stake in U.S.-based Ardent Health Services.

The $490m equity investment made Pure Health the only UAE-based health-care provider to ever directly acquire assets in U.S. hospitals and clinics.

Get the week’s top news delivered directly to your inbox – Sign up for our newsletter

ADQ merged its health-care subsidiaries with Alpha Dhabi’s Pure Health Medical Supplies in January 2022. Pure Health, which had branded itself as a research and clinical hub focused on longevity, was the main provider of the nation’s massive COVID-19 testing effort at the time.

ADQ’s agreement consolidated the public health provider SEHA, major health insurer Daman and stem cell research center ADSCC into one group, creating a footprint of more than 25 hospitals, more than 100 clinics and more than 160 laboratories in the UAE. Its shareholders include Alpha Dhabi Holding, AH Capital, Ataa Financial Investments as well as International Holding Co., a company also led by Sheikh Tahnoon.

Source: Circuit News

Can’t stop reading? Read more