PureHealth Acquires Majority Stake in Hellenic Healthcare Group for $2.3 Billion
- Editor
- Jan 27
- 2 min read
Updated: Jan 31
What's Happening: PureHealth, the largest healthcare group in the Middle East, is acquiring a 60% stake in Hellenic Healthcare Group (HHG), the largest private healthcare provider in Greece and Cyprus. The transaction values HHG at $2.3 billion and will integrate HHG's infrastructure and services into PureHealth's network, extending services to approximately 1.4 million patients annually.
The Key Moves:
PureHealth is acquiring a 60% stake in HHG, with CVC Capital Partners retaining 35% ownership and the founder holding 5%.
The acquisition reinforces PureHealth's global presence and expands its reach into the European healthcare market.
HHG operates 10 hospitals and 16 diagnostic centres across Greece and Cyprus, serving approximately 1.4 million patients annually.
By The Numbers :
The transaction values Hellenic Healthcare Group at $2.3 billion.
HHG has a capacity of over 1,600 beds and employs more than 6,700 healthcare professionals.
PureHealth aims to have more than 50% of its revenues originating outside the GCC following this acquisition.
Key Quotes:
Hamad Al Hammadi, Chairman of PureHealth: "Our collaboration with international leaders like CVC highlights PureHealth's ability in driving growth at scale."
Shaista Asif, Group CEO at PureHealth: "This acquisition represents a significant milestone in PureHealth's strategic expansion, reinforcing our presence in Europe and further solidifying our position as a leader in healthcare."
Alex Fotakidis, Partner and Head of Greece at CVC: "HHG's transformation under CVC reflects our unwavering commitment to creating value and fostering growth in our portfolio companies."
The Bottom Line: This acquisition marks a significant step in PureHealth's international expansion strategy, leveraging its scale and capabilities to consolidate HHG's position in Greece and Cyprus. The move aligns with PureHealth's vision of becoming a global healthcare leader, diversifying its revenue streams, and enhancing operational efficiencies across its expanding network.
Comments