UAE’s Pure Health invests $500m in US healthcare firm Ardent – The National
- Date: 04-Sep-2022
- Source: The National
- Sector:Healthcare
- Country:UAE
UAE’s Pure Health invests $500m in US healthcare firm Ardent – The National
Pure Health, the UAE’s largest healthcare group, has announced a minority equity investment of $500 million in US-based Ardent Health Services, as it seeks to expand its operations in the US market.
The company has entered into a definitive purchase agreement with Equity Group Investments, a Chicago-based private investment firm and majority owner of Ardent, for the acquisition, the Abu Dhabi company said in a statement on Sunday.
The move will give Pure Health board observer rights, although not a seat on Ardent’s board of directors. The investment also "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", it said.
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