Abu Dhabi – Mubasher: PureHealth Holding intends to proceed with an initial public offering (IPO) to list its shares on the Abu Dhabi Securities Exchange (ADX), according to a press release.

Subject to regulatory approvals and other relevant considerations, the company is expected to float its shares on ADX in December 2023.

The shareholders in PureHealth include Alpha Dhabi Holding and International Holding Company (IHC) Healthcare Holding.

Hamad Al Hammadi, Chairman of PureHealth, noted: “The planned listing would allow PureHealth to claim a position among the world’s leading healthcare groups, benefitting people in an increasing number of countries while reliably leading the way in executing development objectives of our nation.”

Farhan Malik, Managing Director of PureHealth, said: “This IPO will enable PureHealth to continue to solidify its position as national champion, expand the depth and geographic reach of groundbreaking innovation for patients, healthcare technology, expansion globally through acquisitions and positioning Abu Dhabi at the forefront of healthcare globally.

PureHealth has a diverse portfolio in the UAE, which covers more than 25 hospitals, 100 clinics, multiple diagnostic centers, and health insurance solutions, among others.

Last October, PureHealth launched a digital health service platform PureNet to boost the healthcare sector.