UAE-based healthcare provider PureHealth has invested $490 million to acquire a minority stake in Ardent Health Services, a leading US healthcare provider. With this transaction, PureHealth expands across the globe and becomes the only healthcare organization located in the UAE to directly purchase assets in American hospitals and clinics. Through the acquisition, PureHealth will be able to improve its offerings to patients in the United Arab Emirates while also enhancing its international standing and dedication to implementing cutting-edge clinical procedures. The sale, which reflects the company’s expanding global reach, has been called a major transaction.
PureHealth, the largest integrated healthcare platform in the Middle East, has made a significant investment in Ardent Health Services, a leading healthcare provider in the United States. To finalize the purchase, PureHealth contributed AED1.8 billion ($490 million) in the form of a minority interest. PureHealth has made history as the first healthcare organization located in the UAE to invest in US hospitals and clinics.
PureHealth’s global expansion
This investment marks a new phase of growth for PureHealth, as the company looks to expand its global footprint. PureHealth currently operates more than 25 hospitals, more than 100 clinics, and more than 160 laboratories in the UAE. Ardent, on the other hand, is the fourth-largest privately held healthcare system in the US. It has more than 1,400 aligned providers, 30 hospitals, more than 23,000 employees, and more than 200 sites of care across six US states.
According to Farhan Malik, Managing Director and CEO of PureHealth, the company is proud to be the first UAE-based healthcare group to acquire assets in the US. Malik stated that this acquisition marks the beginning of a new phase of growth for PureHealth. He added that the company will build on its global relationships and strengthen its international reputation. Malik also emphasized that PureHealth is committed to working with its partners to advance patient-centric care and elevate healthcare systems.
Adopting advanced clinical practices
Furthermore, Malik stated that PureHealth remains focused on delivering an unrivaled healthcare experience through innovation, technology-driven solutions, and collaboration. This acquisition enables PureHealth to enhance its services and offer unparalleled patient experiences in the UAE. It also reflects the company’s commitment to adopting the most advanced clinical practices to support its mission of advancing the science of longevity and unlocking time for humanity.
Mark Sotir, President of EGI, said that the investment by PureHealth strengthens the ownership group. EGI is a private equity firm that invests in healthcare companies. According to Sotir, EGI excels at bringing together like-minded organizations that are passionate about improving their industry and creating value for all stakeholders. He added that PureHealth shares their confidence in Ardent’s growth trajectory.