Abu Dhabi-based PureHealth Holding has accomplished its EUR800 million (US$930 million) acquisition of 60 per cent stake in Hellenic Healthcare Group (HHG), a number one personal healthcare supplier in Greece and Cyprus.
PureHealth had announced the transaction in January this year, valuing HHG at EUR2.2 billion (US$2.56 billion). The corporate was owned 90 per cent by CVC Capital Companions VI and 10 per cent by Dimitris Spyridis, the CEO of HHG.
Following the acquisition, CVC Capital Companions will retain 35 per cent possession, whereas Spyridis will retain a 5 per cent stake within the firm.
PureHealth strengthens world healthcare community
With the combination of HHG’s 11 hospitals and 23 diagnostic centres, PureHealth will broaden entry to healthcare providers for greater than 1.4 million sufferers yearly. HHG has over 6,900 healthcare professionals.
Kamal Al Maazmi, Chairman of PureHealth, commented: “Finalising this transaction is a crucial milestone in our journey to create a globally related healthcare platform.
“PureHealth has demonstrated the power to supply, execute and safe regulatory approvals in mature markets, reflecting its strengths and worldwide credibility.
“With HHG, we at the moment are increasing into new geographies, facilitating information change, and fostering innovation that may improve affected person outcomes throughout our community. Importantly, this acquisition has been accomplished utilizing PureHealth’s sturdy stability sheet, and we count on to recognise the monetary upside from October 1.”
The HHG acquisition follows PureHealth’s current worldwide growth, together with the US$1.2 billion buy of Circle Well being Group, the UK’s largest unbiased hospital operator, in 2024, and a US$500 million funding in US-based Ardent Well being Providers in 2022.
Shaista Asif, Group Chief Government Officer of PureHealth, added: “Welcoming HHG into the Group accelerates our imaginative and prescient of delivering superior, patient-centred healthcare throughout borders. This transaction strengthens medical experience, broadens entry to high quality care, and diversifies revenues throughout mature geographies and currencies.
“It underscores our long-term dedication to worth creation for sufferers, communities, and our shareholders. Central to PureHealth’s ambition is the facility of AI and our increasing digital footprint, which allow us to rework healthcare supply on a world scale.”
Spyridis added: “Becoming a member of forces with PureHealth marks an necessary milestone for HHG. Collectively, we’ll speed up innovation, improve affected person care, and strengthen our function because the main healthcare supplier in Greece and Cyprus.
“PureHealth has a big emphasis on expertise, AI and healthcare of the long run. Due to this fact, we will likely be trying to combine greatest practices not solely in scientific practices, but in addition throughout the expertise ecosystem.”
A closing signing ceremony was held in Greece, attended by Kyriakos Pierrakakis, Minister of Nationwide Economic system and Finance of Greece; Adonis Georgiadis, Minister of Well being of the Hellenic Republic and Dr Ali Obaid Ali Alyabhouni Aldhaheri, Ambassador of the United Arab Emirates to the Hellenic Republic.