Healthcare / Business strategy and development
Abu Dhabi-based healthcare platform acquires UK private hospital operator
By Andrew Sansom | 16 Jan 2024 | 0
PureHealth has completed the strategic acquisition of Circle Health Group, one of the UK’s largest independent operators of hospitals, marking a significant milestone in the former’s global expansion strategy.
The completion of the deal, which has achieved regulatory approvals, further strengthens PureHealth’s commitment to becoming a leading global player in healthcare, following an earlier investment in Nashville-based health system Ardent Health USA.
As one of the largest healthcare platforms in the Middle East, PureHealth says it is dedicated to continuously improving patient experience and adopting the most advanced clinical practices. The company’s expansion into the UK healthcare market, it adds, reflects its focus on advancing the science of longevity.
Hamad Al Hammadi, chair of the Board of Directors of PureHealth, said: “We’re 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, founder and managing director of PureHealth, commented: “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’re not just investing in the future of healthcare; we’re 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.”
Valued at around US$1.2 billion before debt, the acquisition marks a significant investment in the future of healthcare, positioning PureHealth at the heart of international healthcare innovation and service provision. The company is not stopping here and plans to expand further in 2024, not only through local acquisitions but also internationally in building a global healthcare platform.
Circle Health Group describes itself as the UK’s largest national network of private hospitals. It offers innovative neurological and musculoskeletal rehabilitation services and pathway management services, and it has clinics in China. Founded 20 years ago, Circle has grown through building new, high-spec hospitals, the acquisitions of Nations Healthcare and BMI Healthcare, and joint ventures.
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