Abu Dhabi – Mubasher: PureHealth, an associate of Alpha Dhabi Holding, has signed an agreement to acquire UK-based Circle Health Group in exchange for $1.20 billion.
The acquisition marks PureHealth’s entry into the UK market, according to a press release. It is also part of the UAE healthcare network’s global expansion strategy, which includes previous acquisitions in the US as well as entry into other international markets.
Meanwhile, patients in the UAE and the UK will leverage PureHealth’s acquisition deal by accessing a range of services in healthcare provision that includes an expanded network of medical professionals and expertise.
PureHealth will hold 100% of the group’s portfolio, which includes Orthopaedics, Oncology, Cardiothoracic Surgery, Ophthalmology, Neurosurgery, and General Surgery, as well as the new state-of-the-art hospitals that Circle Health Group.
Farhan Malik, Managing Director and Group CEO of PureHealth, said: “This acquisition marks an important milestone in our journey towards creating a global healthcare network that revolutionizes patient care.”
Malik underlined: “Our mission at PureHealth is to drive scientific innovation to unlock longevity and greater quality of life for humankind. Through integrating the expertise of both organisations, we positively impact the lives of patients globally.”
In the first half (H1) of 2023, Alpha Dhabi recorded a 30% surge in net profit to AED 10.33 billion, compared to AED 7.89 billion in H1-22.
