| Title: |
CVC Sells Stake in $2.3 Billion Hospital Group to PureHealth. |
| Authors: |
Cuesta, Laura Gardner (AUTHOR) |
| Source: |
Bloomberg.com. 1/27/2025, pN.PAG-N.PAG. 1p. |
| Subject Terms: |
*Mergers & acquisitions, *Chief executive officers, *Medical care, *Hospitals, Life sciences |
| Company/Entity: |
CVC Capital Partners Ltd. |
| Abstract: |
PureHealth Holding PJSC, based in Abu Dhabi, is acquiring a majority stake in the Greek hospital chain Hellenic Healthcare Group from CVC Capital Partners for approximately $2.3 billion. This move aligns with Abu Dhabi's strategy to diversify its economy beyond oil and expand into the healthcare sector. PureHealth, controlled by sovereign wealth fund ADQ, aims to generate 50% of its revenues outside the Gulf Cooperation Council, with a current market value of $11 billion and operations in over 100 hospitals and 300 clinics worldwide. The deal signifies PureHealth's ongoing international expansion efforts, following previous acquisitions in the UK and the US. [Extracted from the article] |
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| Database: |
Business Source Complete |
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