PureHealth, the largest healthcare group in the United Arab Emirates, has announced its readiness to launch an initial public offering in December, as it prepares to list its shares on the Abu Dhabi Securities Exchange, following the completion of regulatory approvals and other procedures.
The company stated that the stock listing is in line with the ongoing trend of increasing IPO activities in the UAE.
This year, the company completed AED 1.8 billion acquisition to invest in shares in enthusiastic health services, the fourth largest private healthcare group in the United States operating in six states.
Last August, Pure Health bought the UK’s largest private healthcare company, Circle Health, from Centene, in a deal worth AED4.41 billion.
Earlier this month, powerhealth became the first healthcare company to connect with the National Security Operations Center to enhance cybersecurity, which helps enable real-time threat intelligence sharing, enhancing data protection in the healthcare sector in the UAE.
The current shareholders of Pure Health are alpha Abu Dhabi holding company and International Healthcare Holding Company, which are subsidiaries of Abu Dhabi holding company and Abu Dhabi holding adq, through a wholly owned subsidiary.
