ABU DHABI, November 21, 2023 (WAM) – PureHealth Holding PJSC, a Public Joint Stock Company under incorporation, has revealed its intention to launch an initial public offering (IPO) and subsequently list its shares on the Abu Dhabi Securities Exchange (ADX). Pending regulatory approvals, trading on ADX is anticipated to commence in December 2023.
PureHealth’s current shareholders include Alpha Dhabi Holding (ADX: ALPHADHABI), International Holding Company (IHC) Healthcare Holding LLC, subsidiaries of the Abu Dhabi-based conglomerate IHC, and ADQ through a wholly-owned subsidiary.
Having undergone significant consolidation and growth, PureHealth manages a diverse UAE portfolio with over 25 hospitals, 100 clinics, diagnostic centers, health insurance solutions, pharmacies, health tech, and procurement. The company has also expanded globally, acquiring the UK’s Circle Health Group and the USA’s Ardent Health Services.
Hamad Al Hammadi, Chairman of PureHealth, expressed confidence in the company’s innovative approach, highlighting its commitment to advancing healthcare excellence and longevity science. Farhan Malik, Managing Director, sees the IPO as a critical milestone, positioning Abu Dhabi as a global healthcare frontrunner.
PureHealth’s recent launch of Pura, an AI-powered super-app, and its Digital Health as a Service platform, PureNet, demonstrate its commitment to healthcare innovation and global expansion, aligning with the UAE leadership’s vision for a progressive and sustainable society.
