Abu Dhabi: Integrated healthcare platform PureHealth has completed a Dh1.8 billion-plus purchase of a minority equity investment in Ardent Health Services, a Nashville, Tennessee-based healthcare provider.
The transaction builds on the group’s existing footprint of over 25 hospitals, more than 100 clinics, and more than 160 laboratories in the UAE, while Ardent is the fourth-largest privately held healthcare system in the US with more than 1,400 aligned providers, 30 hospitals, more than 23,000 employees and more than 200 sites of care across six US states.
Farhan Malik, Managing Director and CEO of PureHealth, said: “We are proud to be the first UAE-based healthcare group to acquire assets in the US. The conclusion of this transaction marks the beginning of a new phase of growth for PureHealth in which we will build on our global relationships and strengthen our international reputation.”
Mark Sotir, President of EGI, said: “EGI excels at bringing together like-minded organisations who are passionate about improving their industry and creating value for all stakeholders. This investment strengthens our ownership group and we’re excited that PureHealth shares our confidence in Ardent’s growth trajectory.”
