Pure Health signs deal to invest $500mln in US healthcare firm

Pure Health signs deal to invest $500mln in US healthcare firm

Pure Health, the largest integrated healthcare platform of the UAE, will acquire a minority equity stake in Ardent Health Services, a leading US healthcare provider based in Tennessee, for a total investment of $500 million.

The investment in Ardent, the fourth largest private hospital operator in the US with operations across six states, expands Pure Health’s footprint in the US healthcare market.

The investment is subject to customary closing conditions and will be finalised after receipt of all necessary US regulatory approvals.

Purchase from EGI

Ardent has 30 hospitals and more than 200 sites of care across six states and approximately 26,000 employees. Pure Health, Alpha Dhabi Holding subsidiary, would achieve a minority equity investment by purchasing an interest in Ardent from Equity Group Investments (EGI), a Chicago-based private investment firm and majority owner of Ardent.

As part of its investment, Pure Health would receive board observer rights but would not have a seat on Ardent’s board of directors. The investment does not include plans for either the expansion of Ardent’s physical footprint or collaboration between Ardent and Pure Health in the delivery of care.

Equity Group Investments hosted a signing ceremony, which included Farhan Malik, CEO of Pure Health, Sam Zell, founder and chairman of