PureHealth Acquires 60% Stake in Hellenic Healthcare for $2.3 Billion

Abu Dhabi's PureHealth Holding has acquired a 60% stake in the Hellenic Healthcare Group, a healthcare provider operating in Greece and Cyprus, for $2.3 billion. This strategic investment is part of the UAE's broader initiative to diversify its economy beyond oil, with healthcare being a key sector for growth. CVC Capital Partners will retain a 35% stake, while the founder will keep 5%. The acquisition includes 10 hospitals and 16 diagnostic centers, collectively offering over 1,600 beds, which will enhance PureHealth's international presence. PureHealth aims to generate 50% of its revenue outside the Gulf region, following recent acquisitions in the UK and the US. This deal is expected to improve healthcare services across Cyprus and Greece, reinforcing PureHealth's position as a leading global healthcare provider.