Abu Dhabi’s PureHealth powers up with 78% profit growth in 2024 as deals help

Dubai: Boosted by acquisitions, ADX-listed PureHealth scored a 58% growth in 2024 revenues to Dh25.8 billion. Profit growth came in higher, at 78%, to Dh1.7 billion and with an impressive profit margin of 6.6%.

“With the acquisition of Circle Health Group in the UK, we extended our world-class care beyond borders,” said Shaista Asif, Group CEO at PureHealth.
And in the UAE, there was the ‘integration of Sheikh Shakhbout Medical City (that) reinforced our expertise in complex, life-saving treatments’, the CEO added.

“We remain focused on expanding specialised services, leveraging AI to enhance operational efficiency and advance predictive and personalised care, while accelerating international growth.”

Market analysts say PureHealth will be on the prowl for more acquisitions to consolidate its position. They add that there’s been speculation of the Abu Dhabi company being keenly interested in GCC or Middle East hospital operators.
On its net debt position, the company’s at Dh3.6 billion, which includes lease liabilities and is adjusted for restricted cash.