UAE’s Pure Health to Buy Circle Health in $1.2 Billion Deal
- Pure Health is buying the company from Centene Corporation
- Deal is the company’s first acquisition in the United Kingdom
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Abu Dhabi-based health care network Pure Health has signed an agreement to buy one of the United Kingdom’s largest independent hospital operators from Centene Corp. for an enterprise value of about $1.2 billion.
The acquisition of Circle Health Group, which operates 53 hospitals, is expected to close in the first quarter of 2024. The deal marks the first foray into the UK for Pure Health, which this year completed the purchase of a minority stake in US-based Ardent Health Services.