Acquisition marks company’s first foray into UK market.
Abu Dhabi-based PureHealth has signed an agreement to buy British hospital operator Circle Health Group for 4.41 billion UAE dirhams ($1.2 billion), Emirates News Agency reported.
PureHealth is the UAE’s largest healthcare provider and the acquisition marks its first foray into the UK market.
According to the report, Circle Health Group has the UK’s largest network of private hospitals and was the first European healthcare provider to enter the Chinese market.
Under the agreement, PureHealth will acquire 100 percent of the group’s portfolio, which includes orthopedics, oncology, cardiothoracic surgery, ophthalmology, neurosurgery and general surgery, as well as the UK’s first purpose-built rehabilitation hospital.
“This acquisition marks an important milestone in our journey toward creating a global healthcare network which revolutionizes patient care,” PureHealth Group CEO Farhan Malik said.
“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 organizations, we positively impact the lives of patients globally.”
source/content: arabnews.com (headlines edited)
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ABU DHABI, UNITED ARAB EMIRATES (U.A.E)