PureHealth has completed the acquisition of a bulk involvement successful Greece’s Hellenic Healthcare Group. Credit: HHGAbu Dhabi’s starring healthcare group, PureHealth, has completed the acquisition of a 60% involvement successful Hellenic Healthcare Group (HHG), Greece’s largest backstage healthcare provider, successful a woody valued astatine $933 cardinal (€800 million).
The acquisition strengthens PureHealth’s international footprint and diversifies its gross streams beyond the Gulf region.
Deal overview and ownership structure
Under the transaction, CVC Capital Partners and HHG absorption clasp a combined 40% stake. Prior to the deal, CVC Capital Partners owned 90% of HHG, portion CEO Dimitris Spyridis held the remaining 10%.
The concern gives PureHealth entree to HHG’s 11 hospitals, 23 diagnostic centers, and much than 6,900 healthcare professionals serving astir 1.4 cardinal patients annually.
Strategic Rationale and Integration Plans
PureHealth intends to integrate HHG’s operations into its planetary network, with the extremity of generating 50% of gross from planetary markets.
Chairman Kamal Al Maazmi described the acquisition arsenic portion of gathering “a globally connected healthcare platform,” highlighting the company’s quality to navigate analyzable regulatory approvals successful mature markets.
“This enlargement into Europe enables cognition sharing and innovation, improving outcomes for patients crossed our network,” Al Maazmi said.
Enhancing operations and fiscal performance
The HHG acquisition is expected to boost gross diversification, amended operational efficiency, and fortify PureHealth’s wide fiscal performance.
The woody complements anterior planetary investments, including the $1.2 cardinal acquisition of UK infirmary relation Circle Health Group and a 26% involvement successful Ardent Health for $500 million, on with Ardent’s listing connected the New York Stock Exchange.
HHG: Greece’s Premier Private Healthcare Network
Founded successful 2018, HHG (Hellenic Healthcare Group) operates 11 hospitals and 16 diagnostic centers crossed Greece and Cyprus, with a full capableness exceeding 1,600 beds. The radical was established to thrust the continuous improvement of aesculapian and nursing attraction successful Greece, a assemblage presenting important maturation opportunities.
HHG stated that volition absorption connected modernizing healthcare services to the highest planetary standards, promoting Greece arsenic a hub for aesculapian excellence, and attracting specialized healthcare professionals from some Greece and abroad. By investing successful probe and precocious aesculapian technologies, the radical seeks to reverse the “brain drain” successful the healthcare assemblage and support internationally competitory standards.
The hospitals nether HHG’s absorption include:
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- Hygeia
- Metropolitan Hospital
- Mitera
- Metropolitan General
- Lito
- Creta Interclinic
- City Clinic successful Kalamata
- Mitera Crete
In Cyprus, HHG operates:
- Apollonian Private Hospital – Located successful Nicosia.
- Aretaieio Hospital – Also successful Nicosia.
- Evangelismos Private Hospital – Situated successful Paphos.
PureHealth: Expanding a Global Healthcare Empire
PureHealth, controlled by Abu Dhabi’s sovereign wealthiness money ADQ, operates much than 100 hospitals and implicit 300 clinics worldwide, employing much than 56,000 professionals. With a marketplace worth of astir $11 billion, PureHealth has go a starring planetary healthcare operator, leveraging investments and acquisitions to grow its planetary footprint.
The HHG acquisition follows caller deals including the acquisition of the UK-based Circle Health Group and a number involvement successful US-based Ardent Health Services successful 2023. These moves are portion of PureHealth’s strategical nonsubjective to make 50% of its gross extracurricular the Gulf Cooperation Council; currently, astir one-third of gross comes from planetary markets, according to CEO Shaista Asif.
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