Abu Dhabi-based ADQ and Alpha Dhabi Holding have entered into an agreement to merge several companies under one entity called Pure Health, creating the largest healthcare provider in the UAE.
As part of the agreement, Abu Dhabi Health Services and The National Health Insurance Company (Daman) will merge into Pure Health. Additionally, Tamouh Healthcare, Yas Clinic Group and Abu Dhabi Stem Cell Centre will also become a part of Pure Health, which already has a diversified services portfolio of hospital management, laboratory services, medical supplies and healthcare informatics.
Pure Health’s integrated healthcare ecosystem will significantly contribute to the UAE’s healthcare landscape and deliver on the country’s mission to elevate the health and wellbeing of citizens and residents. Patients will benefit from access to greater clinical expertise and healthcare services across the spectrum of care.
ADQ CEO Mohamed Hassan Alsuwaidi said combining the strength of clinical powerhouses and the UAE’s leading health insurer will develop a scalable healthcare platform for growth. “We are further driving efficiencies to establish the UAE’s largest healthcare network, underpinned by clinical excellence, through elevated services, optimised healthcare spending and improved efficiencies across the value chain,” he said.
Alpha Dhabi Holding chairman Mohamed Thani Murshed Al Rumaithi said, “This unique eco-system, with a keen focus on combining technology with healthcare, creates a scalable platform for international growth, driving recognition and value for the nation and our investors. Going forward, Pure Health will actively seek expansion opportunities globally to further diversify its portfolio and leverage its success in the UAE.”
ADQ will become the largest shareholder in Pure Health; other shareholders include Alpha Dhabi Holding, International Holding Company, AH Capital and Ataa Financial Investments, according to a statement.
The transaction is subject to customary closing conditions, including regulatory approvals. M