Healthcare platform PureHealth Holding has reported a 31% increase in revenue growth to reach AED 16.4 billion ($4.5 billion) in FY23. The company, which recently completed a successful IPO, also posted a net profit of AED 965 million ($262 million) for the year. PureHealth attributed its strong financial performance to its domestic and international expansion efforts over recent years, which included a series of acquisitions aimed at enhancing operational capacity and revenue-generation capabilities.
During Q4 2022, the firm completed the acquisition of Seha, Daman, and TLC, three established players in the healthcare space in Abu Dhabi. It also made its first international acquisition in 2023 with a $500 million stake in Ardent Health Services in the USA.
PureHealth’s total assets grew by 17% YoY to AED 28.2 billion ($7.7 billion), primarily due to the inclusion of its investment in Ardent Health Services and the proceeds from its IPO. Looking ahead, the company aims to continue its global expansion efforts over the mid-term, unlocking synergies from its acquisition of Circle Health and driving value for its stakeholders.
