United Arab Emirates (UAE)-based company ADQ has signed an agreement to merge several companies under Pure Health to create the largest healthcare platform in the region.
Under the terms of the agreement, Abu Dhabi Health Services Company (SEHA) and The National Health Insurance Company PJSC (Daman) will be merged with Pure Health.
In addition, other companies Tamouh Healthcare, Yas Clinic Group and Abu Dhabi Stem Cell Center will join Pure Health.
Completion of the deal is subject to customary closing conditions and regulatory approvals.
ADQ CEO Mohamed Hassan Alsuwaidi said: “Pure Health will be instrumental in transforming the provision of healthcare as we consolidate several companies into the platform.
“We are further driving efficiencies to establish the UAE’s largest healthcare network, underpinned by clinical excellence, through elevated services, optimised healthcare spend and improved efficiencies across the value chain.”
Upon completion of the deal, the integrated healthcare ecosystem of Pure Health will give patients better access to clinical expertise and healthcare services.
It will also support the country’s mission to elevate the health and wellbeing of citizens and residents.
Shareholders in Pure Health will include ADQ, Alpha Dhabi Holding, International Holding Company, AH Capital and Ataa Financial Investments.
ADQ will be the major shareholder in the company.
Pure Health managing director and CEO Farhan Malik said: “Pure Health remains committed to delivering convenient, accessible, and transparent healthcare as we become the largest integrated healthcare services platform in the UAE.
“We believe that healthcare is too important to remain the same. Our north star is to enable greater longevity of humankind, and we will constantly work towards a healthier and longer life for the people of UAE.”