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PureHealth, the largest integrated healthcare platform in the Middle East, has invested AED1.8 billion (US$490 million) for a minority stake in Ardent Health Services, a leading US healthcare provider based in Nashville, Tennessee.
As a result, PureHeath has become the only UAE healthcare provider to directly acquire US hospital and clinic assets.
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 private Healthcare system with more than 1,400 partner providers, 30 hospitals, more than 23,000 employees and more than 200 care sites across six states in the United States.
new growth stage
Farhan Malik, Managing Director and CEO of PureHealth, said: “We are proud to be the first UAE healthcare group to acquire assets in the US. The completion of this transaction marks the beginning of a new phase of growth for PureHealth in which we will stage to strengthen our global relationships and strengthen our international reputation.”
Malik added: “As the largest healthcare group in the region, we are committed to working with our partners to advance patient-centered care and elevate healthcare systems. Collaboration to deliver an unparalleled healthcare experience. This acquisition not only enables us to strengthen our services and deliver an unparalleled patient experience in the UAE, but also reflects our commitment to employing state-of-the-art clinical practice to support our advancement of the science of longevity and for humanity The North Star that opened time.”
EGI President Mark Sotir said: “EGI excels at bringing together like-minded organizations who are passionate about improving the industry and creating value for all stakeholders. This investment strengthens our ownership team and we are delighted that PureHealth shares our commitment to Confident in Ardent’s growth trajectory.” — trade arab news agency
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