Pure Health to invest $500m in a US healthcare company, Ardent

Pure Health to invest $500m in a US healthcare company, Ardent

Alpha Dhabi Holding subsidiary, Pure Health, has entered into a definitive purchase agreement to acquire a minority equity investment in Ardent Health Services for a total investment of $500 million subject to customary closing conditions and will be finalized after receipt of all necessary US regulatory approvals. Pure Health will purchase the interest 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.

Ardent is the fourth largest privately held acute care hospital operator in the U.S., with 30 hospitals and more than 200 sites of care across six states, and approximately 26,000 employees.