PureHealth, the largest integrated healthcare platform in the Middle East, has become the only UAE-based healthcare provider to directly acquire assets in US hospitals and clinics, following completion of its more than AED1.8 billion purchase of a minority equity investment in Ardent Health Services, a leading US healthcare provider based in Nashville, Tennessee.
The landmark transaction reflects PureHealth’s global expansion, building on the group’s existing footprint of more than 25 hospitals, more than 100 clinics and more than 160 laboratories in the UAE, while 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.
Farhan Malik, Managing Director and CEO of PureHealth, said: “We are proud to be the first UAE-based healthcare group to acquire assets in the US. 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.
“As the region’s largest healthcare group, we are committed to working with our partners to advance patient-centric care and elevate healthare systems. We remain focused on delivering an unrivalled healthcare experience through innovation, technology-driven solutions, and collaboration. This acquisition not only enables us to enhance our services and offer unparalleled patient experiences in the UAE, but also reflects our commitment to adopting the most advanced clinical practices to support our north star of advancing the science of longevity and unlocking time for humanity.”
Mark Sotir, President of EGI, said: “EGI excels at bringing together like-minded organisations who are passionate about improving their industry and creating value for all stakeholders. This investment strengthens our ownership group and we’re excited that PureHealth shares our confidence in Ardent’s growth trajectory.”
As a leading healthcare company in the UAE, PureHealth is aligned with the vision of the UAE leadership to promote wellbeing in the community. Completion of this transaction further strengthens PureHealth’s vision towards becoming a leading global player in healthcare, committed towards creating a healthier community in UAE and beyond.