PureHealth completes acquisition of Circle Well being
PureHealth, a healthcare platform within the Center East, has accomplished the strategic acquisition of Circle Well being Group, an impartial hospital operator in the UK.
Based in 2004, Circle Well being primarily offers musculoskeletal rehabilitation, neurological and different hospital providers.
The completion of the transaction follows Centene's resolution to divest Circle Well being Group to PureHealth in August final yr.
This transfer is a key a part of PureHealth's international enlargement technique and demonstrates the corporate's operational capabilities and dedication to worldwide development.
The deal, which is valued at about $1.2 billion earlier than debt, has obtained all regulatory approvals in file time, PureHealth stated.
The acquisition of Circle Well being additional aligns with the UAE management's imaginative and prescient to enhance healthcare providers and promote well-being.
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PureHealth stated it’s targeted on bettering affected person experiences and adopting superior scientific practices, with the most recent deal marking its entry into the UK market.
PureHealth Founder and Managing Director Farhan Malik stated: “This acquisition is greater than an enlargement; it is a crucial step towards establishing PureHealth as a world healthcare platform.”
Malik added: “This transfer aligns with our imaginative and prescient to pioneer a more healthy future for all and underlines our dedication to boost Abu Dhabi's international place within the healthcare sector and revolutionize healthcare providers worldwide.
“We look ahead to fostering long-term partnerships throughout the UK healthcare ecosystem.”
PureHealth's strategic imaginative and prescient for 2024 contains additional enlargement, each domestically and internationally, and constructing a world healthcare platform.
The corporate said that it’s advancing its technique by means of innovation, technology-driven options and collaboration.
The acquisition of Circle Well being can even improve PureHealth's service providing and place it as a significant participant within the healthcare business.
Presently, PureHealth's portfolio contains greater than 25 hospitals, 100 clinics, a number of diagnostic facilities, pharmacies, medical health insurance options and well being expertise, amongst others.
PureHealth Board of Administrators and Chairman Hamad Al Hammadi stated: “This outstanding achievement epitomizes PureHealth's operational excellence and strategic adaptability in increasing its worldwide affect.
“After the funding in Ardent Well being USA, that is PureHealth's second worldwide acquisition, and we look ahead to increasing our portfolio internationally.”
