PureHealth plans to launch IPO on Abu Dhabi exchange

PureHealth plans to launch IPO on Abu Dhabi exchange

Healthcare provider PureHealth Holding has announced plans to launch an initial public offering (IPO) on the Abu Dhabi Securities Exchange to fuel its global expansion efforts. The listing, likely in December, is subject to regulatory approvals, the UAE state-run Wam news agency reported. Existing shareholders are Alpha Dhabi Holding and International Holding Company Healthcare Holding, […]

Listing likely in December

Expansion in UK and US

Sharp fall in Mena IPOs

Healthcare provider PureHealth Holding has announced plans to launch an initial public offering (IPO) on the Abu Dhabi Securities Exchange to fuel its global expansion efforts.

The listing, likely in December, is subject to regulatory approvals, the UAE state-run Wam news agency reported.

Existing shareholders are Alpha Dhabi Holding and International Holding Company Healthcare Holding, wholly owned subsidiaries of International Holding Company and ADQ.

The IPO size and financials were not given.

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The company’s UAE portfolio comprises 25 hospitals, 100 clinics, multiple diagnostic centres, health insurance, pharmacies, health tech and procurement.

PureHealth is also expanding its presence globally through the recent acquisition of a 100 percent stake in Circle Health Group, an independent operator of hospitals in the UK.

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