PureHealth closes acquisition of Dhs1.8bn stake in Ardent Health

UAE’s PureHealth has completed its more than $490m (Dhs1.8bn) equity investment in US healthcare provider Ardent Health Services, as the Abu Dhabi healthcare firm seeks to expand its global footprint.

The deal, which was first announced in September 2022, gives Pure Health board observer rights, although not a seat on Ardent’s board of directors. The investment also “does not include plans for either the expansion of Ardent’s physical footprint or collaboration between Ardent and Pure Health in the delivery of care”.

PureHealth said the landmark transaction reflects its global expansion efforts, building on the group’s existing footprint of more than 25 hospitals, more than 100 clinics and more than 160 laboratories in the UAE.

Similarly, Nashville, Tennessee-based Ardent is the fourth largest privately held healthcare system in the US with more than 1,400 aligned providers, 30 hospitals, more than 23,000 employees and more than 200 sites of care across six US states.

“The conclusion of this transaction marks the beginning of a new phase of growth for PureHealth in which we will build on our global relationships and strengthen our international reputation,” said Farhan Malik, managing director and CEO of PureHealth.

Malik said the deal not only enables PureHealth to enhance its services and offer unparalleled patient experiences in the UAE, but it also reflects on the company’s commitment to adopt the most advanced clinical practices to advance its services.

PureHealth, the Middle East’s largest integrated healthcare platform, has acquired a more than AED1.8bn stake in Ardent Health Services, becoming the first UAE healthcare provider to acquire assets in the US, developing global relationships to utilise technology-driven solutions. pic.twitter.com/qqBaU7Olox

— مكتب أبوظبي الإعلامي (@ADMediaOffice) May 8, 2023

The completion of the transaction is expected to further strengthen PureHealth’s vision towards becoming a leading global player in healthcare, committed to creating a healthier community in UAE and beyond.

PureHealth at a glance

Meanwhile, Abu Dhabi wealth fund ADQ consolidated several companies within Pure Health in January 2022, creating the largest healthcare provider in the UAE.

Under the agreement, the Abu Dhabi Health Services Company (SEHA), The National Health Insurance Company (Daman), Tamouh Healthcare, Yas Clinic Group and Abu Dhabi Stem Cell Center were merged into PureHealth.

The healthcare group’s integrated healthcare ecosystem is significantly contributing to the UAE’s healthcare landscape while delivering on the country’s mission to elevate the health and wellbeing of citizens and residents.

PureHealth unveiled its new brand identity and vision for the country’s healthcare industry last October. The company aims to introduce technology-driven, personalised, preventive healthcare solutions that focus on increasing the average lifespan and improving the health span in the UAE.

The healthcare platform plans to add up to 25 additional years of higher-quality, happier and healthier living over the next 50 years in line with its mission to help drive change across communities and realise the possibility of humankind globally.

Read: UAE’s PureHealth unveils new brand identity, vision for healthcare