PureHealth
Deal News | Jan 28, 2025 | PR Newswire Cision PureHealth
PureHealth, the largest healthcare group in the Middle East, has agreed to acquire a 60% stake in the Hellenic Healthcare Group (HHG) in a deal valued at $2.3 billion. This acquisition will enhance PureHealth's global presence and strengthen its position as a leading healthcare provider through a strategic partnership with CVC Capital Partners, HHG's current majority owner. Upon completion, the integration of HHG, a major healthcare provider in Greece and Cyprus, into PureHealth's network will expand services to around 1.4 million patients annually. CVC Capital Partners will retain a 35% stake, while the founder will hold 5%. The acquisition aligns with PureHealth's strategy to grow its footprint in Europe and diversify revenue streams, with CVC's continued involvement bringing combined expertise to foster further growth in HHG.
Sectors
- Healthcare
- Private Equity
Geography
- United Arab Emirates – PureHealth, the acquiring company, is based in Abu Dhabi, UAE.
- Greece – HHG, the target company of the acquisition, is one of the largest healthcare providers in Greece.
- Cyprus – HHG also operates healthcare facilities in Cyprus.
Industry
- Healthcare – The article discusses PureHealth's acquisition of HHG, a leading healthcare provider, highlighting sector growth and expansion.
- Private Equity – CVC Capital Partners, a prominent private equity firm, is involved in the transaction, retaining a significant stake in HHG.
Financials
- 2.3 billion USD – Valuation of HHG in the transaction for a 60% stake acquisition by PureHealth.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| PureHealth | Acquirer | Company | The largest healthcare group in the Middle East, leading the acquisition of a majority stake in HHG. |
| Hellenic Healthcare Group | Target | Company | A leading private healthcare provider in Greece and Cyprus, operating hospitals and diagnostic centers. |
| CVC Capital Partners | Seller | Company | A global private equity firm that currently holds the majority stake in HHG. |