PureHealth has completed the acquisition of UK independent hospital operator Circle Health Group.
Middle East healthcare platform PureHealth said the completion of the deal, which valued Circle at $1.2bn before debt, signified its operational capabilities and commitment to international growth.
It added it would be advancing its expansion strategy in 2024 and its strategic vision includes not only acquisitions in local markets, but also internationally “building a global healthcare platform”.
Health & Protection reported in September that the Centene Corporation had agreed to sell Circle Health Group to UAE-based PureHealth for $1.2bn. Circle Health operates 53 hospitals across every region of Great Britain, providing a range of surgery and treatments to privately insured, self-pay and NHS patients.
PureHealth said the deal also signified its commitment to becoming a leading global player in healthcare and that its expansion into the UK healthcare market reflected its focus on “advancing the science of longevity and unlocking time for humanity”.
Hamad Al Hammadi, chairman of the board of directors of PureHealth, said: “We are pleased to complete the acquisition of Circle in record time. This remarkable achievement epitomises PureHealth’s operational excellence and strategic adaptability in broadening its international impact.
“After investing in Ardent Health USA, this is PureHealth’s second international acquisition and we look forward to building our portfolio internationally.”
Farhan Malik, managing director of PureHealth, added: “Completing the acquisition of Circle is a strategic leap forward for PureHealth.
“This acquisition is more than an expansion; it’s a significant stride towards establishing PureHealth as a global healthcare platform.
“We are not just investing in the future of healthcare; we are shaping it to be more connected, innovative, and accessible on a global scale.
“This move aligns with our vision of pioneering a healthier future for all and underscores our commitment to elevating the global position of Abu Dhabi in the healthcare sector and revolutionising healthcare services globally.
“We look forward to fostering long term partnerships within the UK’s healthcare ecosystem.”
