Pure Health, the largest healthcare group in the UAE, has announced an equity investment of 500 million dollars in Ardent Health Services, based in the United States, as it seeks to expand its operations in the US market.
According to a statement from Pure Health, the company has entered into a purchase agreement with Equity Group Investments, a private investment firm and majority owner of Ardent, for the acquisition. This move will give Pure Health board observer rights, and the investment does not include plans for either the expansion of the physical footprint of Ardent or collaboration between Pure Health and Ardent in the delivery of care.
Ardent is the fourth biggest privately held acute care hospital operator in the United States, with around 30 hospitals, and over 200 sites of care across six states and approximately 26,000 employees.
Farhan Malik, chief executive of Pure Health, said this agreement is a quantum leap for the UAE on the global healthcare industry. Farhan Malik said this is a great opportunity for Pure Health, as they continue to build relationships with the leading healthcare providers in the United States to leverage high standards and best clinical practices to provide an unrivalled healthcare experiences for patients in the UAE.