PureHealth buys $490m Ardent Health Services share 2023
PureHealth, the largest integrated healthcare platform in the Middle East, has invested AED1.8 billion ($490 million) to acquire a minority stake in Nashville, Tennessee-based healthcare provider Ardent Health Services.
PureHeath is now the only UAE-based healthcare provider to acquire assets in US hospitals and clinics directly.
Ardent is the fourth-largest privately held healthcare system in the United States, with more than 1,400 aligned providers, 30 hospitals, more than 23,000 employees, and 200 sites of care in six US states.
A new phase of expansion
PureHealth’s Managing Director and Chief Executive Officer, Farhan Malik, stated, “We are honored to be the first UAE-based healthcare group to acquire assets in the United States.
This transaction represents the beginning of a new growth phase for PureHealth, during which we will expand our global relationships and enhance our international reputation.”
Malik added, “As the largest healthcare organization in the region, we are committed to collaborating with our partners to advance patient-centered care and elevate healthcare systems. Through innovation, technology-driven solutions, and collaboration, we are committed to delivering an unparalleled healthcare experience.
This acquisition not only enables us to enhance our services and provide unmatched patient experiences in the UAE, but also demonstrates our dedication to implementing the most advanced clinical practices to support our north star of advancing the science of longevity and unleashing time for humanity.”
Mark Sotir, the president of EGI, remarked, “EGI excels at bringing together organizations that share a passion for advancing their industry and creating value for all stakeholders. This investment strengthens our ownership group, and we are thrilled that PureHealth shares our optimism regarding Ardent’s growth trajectory.