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UAE’s PureHealth expands US healthcare presence

By Pramod Kumar
The care clinic acquisitions by PureHealth subsidiary Ardent Health in the US align with PureHealth’s expansion strategy Wam
The care clinic acquisitions by PureHealth subsidiary Ardent Health in the US align with PureHealth’s expansion strategy

Abu Dhabi-listed PureHealth Holding has expanded its presence in the US healthcare sector.

New York Stock Exchange-listed Ardent Health, a subsidiary of PureHealth, acquired 18 urgent care clinics across New Mexico and Oklahoma in the US from NextCare Urgent Care.

In May 2023, PureHealth purchased a minority stake in Ardent Health for $500 million.

The newly-added clinics, six in New Mexico under Lovelace Health System and 12 in Oklahoma under Hillcrest HealthCare System, will strengthen Ardent’s ambulatory operations in key US markets.

No financial details were given.

The transaction follows Ardent’s acquisition last year of nine urgent care centres in East Texas and Topeka, Kansas.

These new acquisitions by Ardent aligns with PureHealth’s strategy to expand globally and enhance healthcare accessibility.

Ardent Health reported revenue of $1.45 billion in the third quarter of 2024, a 5.2 percent annual increase, supported by 6.4 percent uptick in admissions.

In November 2024, AGBI reported that PureHealth was in discussions to acquire the UAE hospital operator NMC Healthcare.

The UAE healthcare group, valued at about $10 billion, has been aggressively expanding its portfolio. It acquired the UK’s Circle Health Group and raised about $986 million in a listing on the Abu Dhabi Securities Exchange last year.

PureHealth listed on ADX in December 2023, raising a total of AED3.62 billion ($986 million). While its share price is up 3.3 percent so far this year, it is still down 42.5 percent since it listed.

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