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HomeInternationalPureHealth acquires UK-based Circle Health Group for $1.2 billion

PureHealth acquires UK-based Circle Health Group for $1.2 billion

PureHealth, a UAE-based healthcare network, has finalized an agreement to acquire Circle Health Group, a UK-based independent hospital operator, for a substantial $1.2 billion. This strategic decision is a part of PureHealth’s global expansion strategy, which also includes plans to enter the UK market and make acquisitions in the US and other international markets. 

The primary objectives of the acquisition are to improve healthcare options, expand the network of medical professionals, and encourage knowledge exchange, all of which will ultimately benefit patients in both the UAE and the UK.

According to the terms of the agreement, PureHealth will acquire complete ownership of the diverse portfolio of Circle Health Group, which includes fields such as orthopaedics, oncology, cardiothoracic surgery, ophthalmology, neurosurgery, and general surgery. This acquisition encompasses all the Circle Health Group’s hospital assets, including the UK’s first-ever built rehabilitation hospital.

Hammad Al Ameri, CEO and Managing Director of Alpha Dhabi Holding PJSC, listed on the Abu Dhabi Securities Exchange, expressed confidence in the acquisition’s potential for future growth and success. He stated, “This acquisition is a major milestone for our associate company, PureHealth Holding LLC, and we are confident that it will position us for continued growth and success.”

A signing ceremony was held in London to mark the acquisition’s formalization. Notable attendees included Farhan Malik, Managing Director and Group CEO of PureHealth; Brent Layton, Senior Advisor to Centene Corporation; and Beau Garverick, Senior Vice President of Corporate Development.

Circle Health Group is well-known for being the first European healthcare company to enter the Chinese market. It specializes in groundbreaking neurological and musculoskeletal rehabilitation services.

With more than 8,200 employees and consultants, the company operates in more than 60 specialities across 50 hospitals and 150 theatres.

Through this strategic acquisition, Circle Health Group, an entity that facilitates over two million visits annually and generates over $13 billion in revenue, is propelled into PureHealth’s expanding network of prestigious healthcare providers. The combined expertise of these organizations aims to transform patient care on a global scale, advance scientific discovery, and improve people’s quality of life.

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BRL Editor
BRL Editorhttps://businessreviewlive.com
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