Alhamdulillah: PureHealth from Abu Dhabi Strengthens Healthcare Presence in Greece
Assalamu Alaikum wa Rahmatullah! Abu Dhabi's PureHealth, the UAE's largest healthcare group, has successfully acquired a majority share in Greece's Hellenic Healthcare Group (HHG), marking a significant step in its international growth and diverse revenue sources.
The deal, valued at around €800 million (approximately $933 million), grants PureHealth a 60% ownership in HHG, based in Athens, with an estimated total valuation of €1.3 billion. The remaining 40% will stay with CVC Capital Partners and HHG management. Before this, CVC owned 90%, and HHG's CEO held 10%.
This partnership opens doors for PureHealth to HHG’s 11 hospitals, 23 diagnostic centers, and a team of over 6,900 healthcare professionals, serving roughly 1.4 million patients every year. HHG is well-known as the top private healthcare provider in Greece and Cyprus and invests in medical research and skilled staff, both locally and internationally.
Announced earlier this year, PureHealth plans to integrate HHG’s facilities into its existing network, aiming to boost its international operations and achieve half of its revenue from outside the Gulf region.
Chairman Kamal Al Maazmi shared that this investment is part of building a “globally connected healthcare platform.” He highlighted PureHealth's strong track record in managing complex acquisitions and regulatory approvals in mature markets.
With HHG, the group looks forward to expanding into new regions, encouraging knowledge sharing, and fostering innovation to improve patient outcomes across their network.
This move will help PureHealth diversify its income, streamline operations for better efficiency, and strengthen financial health.
Previously, PureHealth acquired UK’s Circle Health Group for $1.2 billion and took a significant stake in Ardent Health, supporting its New York Stock Exchange listing.
CEO Shaista Asif emphasized their focus on cutting-edge technologies like artificial intelligence to enhance digital healthcare and transform service delivery worldwide.
Founded in 2006, PureHealth became the UAE's largest healthcare provider after merging with ADQ’s healthcare subsidiaries in 2022. It recently raised Dh3.62 billion through its oversubscribed IPO on the Abu Dhabi Securities Exchange and operates over 100 hospitals and 300 clinics.
Their portfolio includes Seha, a major healthcare network, the insurance company Daman, and Rafed, a healthcare procurement firm.
In the first half of this year, PureHealth reported a 2.4% increase in net profit, reaching nearly Dh1.03 billion, supported by an 8.6% rise in revenue to Dh13.6 billion.
May Allah (SWT) bless PureHealth's efforts in expanding quality healthcare services worldwide and grant success in all their initiatives.
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