PureHealth, an Abu Dhabi-based holding company and one of the largest healthcare platforms in the Middle East, has signed an agreement to acquire Circle Health Group, the UK’s largest independent operators of hospitals, in a deal valued at US$1.2 billion.
The acquisition of Circle Health Group is PureHealth’s first entry into the UK. Patients in the UAE and the UK will benefit from the acquisition through the diversity of choice in healthcare provision, expanded network of medical professionals and expertise combined with knowledge sharing that will be developed.
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Circle Health Group offers the UK’s largest national network of private hospitals. It also provides innovative neurological and musculoskeletal rehabilitation services and pathway management services and is the first European healthcare provider to enter the Chinese market. In 2019, Centene Corporation, a leading US healthcare enterprise and Fortune 500 company invested in Circle Health Group and acquired the remaining equity interests in July 2021.
As part of the acquisition, PureHealth will gain 100 per cent of Circle Health Group’s portfolio, which includes specialities such as Orthopaedics, Oncology, Cardiothoracic Surgery, Ophthalmology, Neurosurgery and General Surgery, as well as the new state-of-the-art hospitals that Circle Health Group has recently focused on building, including the UK’s first purpose-built rehabilitation hospital.
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Farhan Malik, Managing Director and Group Chief Executive Officer of PureHealth and Centene Corporation’s Senior Advisor, Brent Layton and Senior Vice President of Corporate Development, Beau Garverick, attended a signing ceremony held in London to formalise the acquisition.
Malik said: “We are delighted to welcome Circle Health Group into the PureHealth family. This acquisition marks an important milestone in our journey towards creating a global healthcare network that revolutionises patient care. Our mission at PureHealth is to drive scientific innovation to unlock longevity and greater quality of life for humankind. Through integrating the expertise of both organisations, we positively impact the lives of patients globally. PureHealth is well-positioned to make significant contributions to the improvement of healthcare systems and access to world-class medical services in the UAE and beyond.”
The acquisition forms part of PureHealth’s global expansion programme, which includes acquisitions previously completed in the US, as well as entry into other international markets.
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