Investing.com -- Abu Dhabi-based PureHealth Holding PJSC is set to acquire a majority stake in Hellenic Healthcare Group, a Greek hospital chain, from CVC Capital Partners (WA:CPAP). The move is part of the Emirate's broader efforts to diversify its economy and expand its presence in the healthcare sector.
The deal values Hellenic Healthcare Group at approximately $2.3 billion. PureHealth, which is controlled by the sovereign wealth fund ADQ, will acquire a 60% stake in the healthcare group. CVC Capital Partners will retain a 35% stake in the business, with the company's founder holding the remaining shares, according to a statement released by PureHealth on Monday.
This acquisition marks another significant international venture for PureHealth. In 2023, the firm agreed to purchase Britain's Circle Health Group and a minority stake in US-based Ardent Health Services. PureHealth, with a market value of about $11 billion, operates over 100 hospitals and more than 300 clinics, employing over 56,000 people.
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