PureHealth Expands U.S. Reach with Ardent's Acquisition of Clinics
Deal News | Jan 07, 2025 | Zawya
PureHealth Holding PJSC, a leader in the healthcare industry in the Middle East, reinforces its international strategy through Ardent Health Services' recent acquisitions in the United States. Ardent Health, an associate of PureHealth, has obtained 18 urgent care clinics in New Mexico and Oklahoma from NextCare Urgent Care, strengthening their position in key U.S. markets. This strategic expansion is part of a broader plan to leverage PureHealth's investments to foster global healthcare accessibility and create value through a bolt-on acquisition strategy. The move aims to improve ambulatory operations and expand patient services while providing high-quality care in reachable locations. Ardent's previous acquisitions this year, alongside a successful IPO, signify the sustained value generation since PureHealth’s investment began in May 2023. The recent acquisition complements Ardent Health's vision for an integrated healthcare delivery model in their community-focused ecosystem. The clinics also drive a notable increase in patient admissions and financial performance in the U.S. healthcare sector, with Ardent Health reporting significant fiscal gains in the third quarter of 2024.
Sectors
- Healthcare
- Private Equity
Geography
- United States – The newly acquired clinics are based in New Mexico and Oklahoma, marking a significant expansion of Ardent Health's operations in the U.S.
- United Arab Emirates – PureHealth, the parent company, is based in the UAE and is executing its global healthcare expansion strategy from this location.
Industry
- Healthcare – The acquisition involves urgent care clinics and healthcare service expansion in the United States, aligning with PureHealth's global healthcare strategy.
- Private Equity – PureHealth's strategic investment in Ardent Health and subsequent U.S. acquisitions highlight the involvement of private equity in expanding international healthcare services.
Financials
- USD 1.45 billion – Ardent Health reported this revenue in the third quarter of 2024, a 5.2% increase compared to the previous year.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| PureHealth Holding PJSC | Parent Company | Company | The largest healthcare group in the Middle East, based in the UAE and a key player executing international healthcare expansion strategies. |
| Ardent Health Services | Acquiring Company | Company | An associate of PureHealth and the fourth largest privately held acute care hospital operator in the U.S., acquiring urgent care clinics. |
| NextCare Urgent Care | Selling Company | Company | The original owner of the 18 urgent care clinics in the U.S. sold to Ardent Health. |
| Marty Bonick | CEO | Person | CEO of Ardent Health Services, leading the strategic expansion of the company’s healthcare services in the U.S. |