On Jan. 27, 2025, Pure Health has agreed to acquire a 60% stake in Hellenic Health Care Group (HHG). The transaction values. 2.3 billion at USD. Pure Health is the largest healthcare group in the Middle East. Hellenic Health Care Group is the largest private healthcare provider in Greece and Cyprus.
Pure Health Partnering with CVC in Healthcare Investments
CVC is a leading global private markets manager with approximately USD 201 billion in assets under management. Pure Health and CVC have collaborated to expand HHG into a larger organization. CVC’s funds are invested in approximately 130 companies worldwide, generating USD 166 billion in annual sales and employing over 610,000 people.
Currently, HHG is 90% owned by CVC and 10% by the founder of HHG. Pure Health will acquire a 60% stake in HHG, with CVC Capital Partners retaining 35% ownership, while the remaining 5% stake in the company will remain with the founder.
Acquisition and Strategy
This acquisition aligns with Pure Health’s expansion strategy and strengthens HHG’s position in Greece. Pure Health aims to set new benchmarks for healthcare delivery across its global network. The strategy highlights Pure Health’s international acquisition and value-creation capabilities. These strategic moves underscore Pure Health’s ambition to enhance the delivery of world-class healthcare solutions globally.
Statements from Key Leaders
Hamad Al Hammadi, Chairman of Pure Health, stated that their collaboration with international leaders like CVC highlights Pure Health’s ability to drive large-scale growth. He emphasized that the expansion into Europe through Hellenic Health Care Group strengthens Pure Health’s position as a global healthcare leader.
Shairta Asif, Group Chief Executive Officer at Pure Health, commented that the acquisition represents a significant milestone in Pure Health’s strategic expansion, reinforcing its presence in Europe. This move aligns with the company’s vision of becoming a global leader in healthcare, with more than 50% of its revenues expected to originate from outside the GCC.
Alex Fotakidis, Partner and Head of Greece at CVC, stated that HHG’s transformation under CVC reflects their unwavering commitment to creating value and fostering growth in portfolio companies. Partnering with Pure Health brings them closer to achieving their growth ambitions and making a meaningful impact on the communities they serve.
