United Arab Emirates-based healthcare platform Pure Health has entered into an agreement to acquire a minority equity investment in U.S.-based Ardent Health Services, Pymnts reports.
To do so, Pure Health will purchase a $500 million interest from the majority owner, Equity Group Investments (EGI). Ardent is the fourth-largest privately-held acute care hospital operator in the U.S. and it has 30 hospitals and over 200 sites of care across six states.
“One of EGI’s strengths is partnering with like-minded individuals with the experience and passion for how we approach investment opportunities,” said Sam Zell, founder and chair of EGI. “We look forward to developing a productive relationship with Pure Health as they continue to explore the various dynamics of the U.S. healthcare system.” Read more.
