Pure Health, Equity Group Investments to invest $500 million in US healthcare company

ABU DHABI, Alpha Dhabi Holding subsidiary, Pure Health, today announced that it has entered into a definitive purchase agreement to acquire a minority equity investment in Ardent Health Services (Ardent), for a total investment of $500 million. The investment is subject to customary closing conditions and will be finalised after receipt of all necessary US regulatory approvals.

Pure Health is the largest integrated healthcare platform of the United Arab Emirates, while Ardent is a leading U.S. healthcare provider based in Nashville, Tennessee. It’s the fourth largest privately held acute care hospital operator in the US, with 30 hospitals and more than 200 sites of care across six states, and approximately 26,000 employees. Pure Health would achieve a minority equity investment by purchasing an interest in Ardent from Equity Group Investments (EGI), a Chicago-based private investment firm and majority owner of Ardent.

As part of its investment, Pure Health would receive board observer rights but would not have a seat on Ardent’s board of directors. The investment does not include plans for either the expansion of Ardent’s physical footprint or collaboration between Ardent and Pure Health in the delivery of care.

Equity Group Investments hosted a signing ceremony, which included Farhan Malik, CEO of Pure Health, Sam Zell, founder and chairman of EGI, and Marty Bonick, president and chief executive officer of Ardent.

“One of EGI’s strengths is partnering with like-minded individuals with the experience and passion for how we approach investment opportunities. We look forward to developing a productive relationship with Pure Health as they continue to explore the various dynamics of the U.S. healthcare system,” said Sam Zell.

Commenting on the major investment announcement, Farhan Malik said, “This landmark investment agreement marks a quantum leap for the UAE and the global healthcare industry.”

“This is an exciting opportunity for Pure Health, as we continue to build relationships with leading U.S. healthcare providers to leverage the highest standards and best clinical practices to provide an unrivalled healthcare experience for patients in the UAE,” said Malik.

“Ardent has a strong track record of delivering outstanding services across the United States, and we look forward to gaining additional knowledge to support our north star of advancing the science of longevity and unlocking time for humanity.”

Source: Emirates News Agency

UAE announces 400 new COVID-19 cases, 566 recoveries, no deaths in the last 24 hours

ABU DHABI, The Ministry of Health and Prevention (MoHAP) announced that it conducted 194,778 additional COVID-19 tests over the past 24 hours, using state-of-the-art medical testing equipment.

In a statement, the Ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary treatment. As part of its intensified testing campaign, MoHAP announced 400 new coronavirus cases, bringing the total number of recorded cases in the UAE to 1,017,145.

According to the Ministry, the infected individuals are from various nationalities, are in a stable condition, and receiving the necessary care.

The Ministry added that no COVID-19-related deaths have been recorded in the past 24 hours, bringing the total number of deaths in the country to 2,341.

MoHAP also noted that an additional 566 individuals had fully recovered from COVID-19, bringing the total number of recoveries to 996,627.

Source: Emirates News Agency

UAE announces 421 new COVID-19 cases, 587 recoveries, and no deaths in the last 24 hours

ABU DHABI, The Ministry of Health and Prevention (MoHAP) announced that it conducted 211,386 additional COVID-19 tests over the past 24 hours, using state-of-the-art medical testing equipment.

In a statement, the Ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary treatment. As part of its intensified testing campaign, MoHAP announced 421 new coronavirus cases, bringing the total number of recorded cases in the UAE to 1,016,745.

According to the Ministry, the infected individuals are from various nationalities, are in a stable condition, and receiving the necessary care.

The Ministry added that no COVID-19-related deaths have been recorded in the past 24 hours, bringing the total number of deaths in the country to 2,341.

MoHAP also noted that an additional 587 individuals had fully recovered from COVID-19, bringing the total number of recoveries to 996,061.

Source: Emirates News Agency

UAE announces 445 new COVID-19 cases, 576 recoveries, no deaths in last 24 hours

ABU DHABI, The Ministry of Health and Prevention (MoHAP) announced that it conducted 241,791 additional COVID-19 tests over the past 24 hours, using state-of-the-art medical testing equipment.

In a statement on Friday, the Ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary treatment. As part of its intensified testing campaign, MoHAP announced 445 new coronavirus cases, bringing the total number of recorded cases in the UAE to 1,016,324.

According to the Ministry, the infected individuals are from various nationalities, are in a stable condition, and receiving the necessary care.

The Ministry added that no COVID-19-related deaths have been recorded in the past 24 hours, leaving the death toll unchanged at 2,341.

MoHAP also noted that an additional 576 individuals had fully recovered from COVID-19, bringing the total number of recoveries to 995,474.

Source: Emirates News Agency

UAE announces 481 new COVID-19 cases, 540 recoveries, and no deaths in last 24 hours

ABU DHABI, The Ministry of Health and Prevention (MoHAP) announced that it conducted 260,132 additional COVID-19 tests over the past 24 hours, using state-of-the-art medical testing equipment.

In a statement, the Ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary treatment. As part of its intensified testing campaign, MoHAP announced 481 new coronavirus cases, bringing the total number of recorded cases in the UAE to 1,015,879.

According to the Ministry, the infected individuals are from various nationalities, are in a stable condition, and receiving the necessary care.

The Ministry added that no COVID-19-related deaths have been recorded in the past 24 hours, and the death toll remained unchanged at 2,341.

MoHAP also noted that an additional 540 individuals had fully recovered from COVID-19, bringing the total number of recoveries to 994,898.

Source: Emirates News Agency