‘Notable Accomplishments in 2023 from PureHealth Holding’

PureHealth Holding PJSC recently released its financial results for the period ending on December 31, 2023, showcasing a strong performance driven by both local and international expansion efforts. The company, which is gearing up for its initial public offering in December 2023, has seen significant growth due to a series of value-accretive acquisitions that have bolstered its operational capacity and revenue generation capabilities.

During the fourth quarter of 2022, PureHealth made key acquisitions such as Seha, Daman, and TLC, expanding its presence in various healthcare subsectors including hospital operations, health insurance, and pharmacies. In a notable move, the group ventured into the US market in 2023 with a significant investment in Ardent Health Services worth AED1.8 billion, marking its first international acquisition.

The financial results for fiscal year 2023 reflect PureHealth’s impressive performance, with revenues reaching AED16.4 billion, a 31% increase from the previous year. The group reported an EBITDA of AED2.4 billion and a net profit of AED965 million for the same period, driven by cost optimization and operational synergies.

Hamad Al Hammadi, Chairman of the Board of Directors of PureHealth, expressed confidence in the company’s future prospects, citing the success of recent acquisitions and the dedication of employees in advancing the group’s mission. PureHealth’s total assets grew by 17% year-on-year to AED28.2 billion, fueled by strategic investments and proceeds from its IPO.

Shaista Asif, Group Chief Executive Officer of PureHealth, emphasized the company’s commitment to global expansion through strategic acquisitions, innovative healthcare delivery, and sustainable stewardship. The recent acquisition of Circle Health Group in the UK for AED4.4 billion underscores PureHealth’s dedication to expanding its reach and impact on a global scale.

As PureHealth continues to pioneer advancements in the healthcare industry, the company remains focused on empowering individuals to lead healthier and happier lives, irrespective of their location. With a bold vision and dedicated workforce, PureHealth is poised for continued success in the years ahead.