LeadPureHealth Set to IPO in Landmark Move for Middle East Healthcare Sector

PureHealth Set to IPO in Landmark Move for Middle East Healthcare Sector

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Abu Dhabi, UAE- PureHealth Holding PJSC, the largest healthcare platform in the Middle East, has declared its intention to undergo an initial public offering (IPO) and list its shares on the Abu Dhabi Securities Exchange (ADX). Subject to regulatory approvals, trading on ADX is anticipated to commence in December 2023.

Currently backed by Alpha Dhabi Holding, International Holding Company (IHC) Healthcare Holding LLC, and ADQ, PureHealth has been consolidating its position with a portfolio spanning over 25 hospitals, 100 clinics, diagnostic centers, health insurance solutions, pharmacies, health tech, and procurement. The company has recently acquired Circle Health Group in the UK and completed the acquisition of Ardent Health Services in the USA, making it the only Middle East-based healthcare provider with direct assets in US hospitals and clinics.

PureHealth’s commitment extends to elevating healthcare standards, promoting the latest solutions, and advancing the science of longevity. The company envisions leading the way in shaping the future of healthcare globally.

Hamad Al Hammadi, Chairman of the Board of Directors of PureHealth, said: “Healthcare is a fundamental pillar of any thriving society. We are confident that the power of innovation and progress, which has brought PureHealth to the cusp of this major milestone, will continue to drive the company forward and effect positive change within the sector. Testament to the continued dynamism and vibrancy of Abu Dhabi’s capital markets, the planned listing would allow PureHealth to claim a position among the world’s leading healthcare groups, benefitting people in an increasing number of countries while reliably leading the way in executing development objectives of our nation.”

Farhan Malik, Managing Director of PureHealth, said: “We are very pleased to announce our intention to float PureHealth on the Abu Dhabi Securities Exchange. This IPO will enable PureHealth to continue to solidify its position as national champion, expand the depth and geographic reach of groundbreaking innovation for patients, healthcare technology, expansion globally through acquisitions and positioning Abu Dhabi at the forefront of healthcare globally. Aligned with the UAE leadership’s vision for a progressive and sustainable society, this IPO will position Abu Dhabi as a frontrunner in the global healthcare landscape. This is a critical milestone for the UAE as PureHealth continues to revolutionize healthcare by deploying health tech platforms and expanding globally, ensuring efforts to deliver the best in healthcare from Abu Dhabi to the world.”

In its mission to advance the science of longevity, PureHealth recently launched Pura, an AI-powered super-app integrating healthcare information from various sources, including real-time monitoring through wearables. The company is proactively transitioning healthcare to the cloud through PureNet, its Digital Health as a Service platform.

Also Read: PureHealth Launches ‘Pura’ AI Health App for Longevity and Wellness

The IPO announcement positions PureHealth to further consolidate its role as a national champion, expanding the reach of healthcare innovation globally. With a focus on disrupting traditional healthcare and embracing digital transformation, PureHealth aims to cater to current and future generations’ evolving healthcare needs.

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