PureHealth Strengthens Global Presence with Major Acquisition in Healthcare

Deal News | Jan 28, 2025 | PR Newswire Cision PureHealth

PureHealth, the largest healthcare group in the Middle East, has announced the acquisition of a 60% stake in Hellenic Healthcare Group (HHG) for $2.3 billion. This move is part of PureHealth's strategic expansion into Europe, following a successful investment partnership with CVC Capital Partners, which will retain a 35% stake. HHG, the leading private healthcare provider in Greece and Cyprus, operates ten hospitals and 16 diagnostic centers. This acquisition aligns with PureHealth's strategy to enhance its international footprint by integrating HHG into its network and addressing the growing demand for private healthcare in Greece and Cyprus. The transaction, subject to regulatory approval, marks a significant step in consolidating PureHealth's position as a global healthcare leader. The deal reflects PureHealth's ambitions to provide transformative healthcare solutions while strengthening financial performance and diversifying revenue streams. Previously, PureHealth also acquired Circle Health Group in the UK and invested in Ardent Health Services in the US, showcasing its robust acquisition capability and commitment to healthcare excellence.

Sectors

  • Healthcare
  • Private Equity

Geography

  • Middle East – PureHealth is based in Abu Dhabi and is the largest healthcare group in the Middle East.
  • Europe – Hellenic Healthcare Group operates in Greece and Cyprus, making Europe a key geographic focus of the transaction.
  • Greece and Cyprus – Hellenic Healthcare Group is the largest private healthcare provider in these countries, and the acquisition involves expanding services in these regions.

Industry

  • Healthcare – HHG is a leading provider of healthcare services in Europe, with operations in Greece and Cyprus, while PureHealth is the largest healthcare group in the Middle East.
  • Private Equity – CVC Capital Partners is a private equity firm involved in this transaction, which aligns with its investment strategy in healthcare.

Financials

  • 2.3 billion USD – Valuation of the transaction for a 60% stake in Hellenic Healthcare Group.

Participants

NameRoleTypeDescription
PureHealthAcquirerCompanyThe largest healthcare group in the Middle East, expanding its international presence.
Hellenic Healthcare GroupTarget CompanyCompanyLeading private healthcare provider in Greece and Cyprus.
CVC Capital PartnersSeller/InvestorCompanyExisting investor retaining a 35% stake in HHG; a major global private equity firm.
Hamad Al HammadiChairman of PureHealthPersonChairman overseeing PureHealth's global expansion initiatives.
Shaista AsifCEO of PureHealthPersonCEO leading PureHealth's strategic acquisitions and international growth.
Alex FotakidisPartner at CVCPersonPartner and Head of Greece at CVC, involved in the HHG investment.
Dimitrios SpyridisCEO of Hellenic Healthcare GroupPersonCEO leading the operations of HHG in Greece and Cyprus.