ADQ Orchestrates Healthcare Company Consolidation into Pure Health
Posted on 01/05/2022
Abu Dhabi Developmental Holding Company PJSC (ADQ) entered into an agreement to consolidate several health care companies. Abu Dhabi Health Services Company PJSC (SEHA) and The National Health Insurance Company PJSC (Daman) will merge into Pure Health. Tamouh Healthcare, Yas Clinic Group, and Abu Dhabi Stem Cell Center will also become a part of the entity.
“Pure Health will be instrumental in transforming the provision of healthcare as we consolidate several companies into the platform,” ADQ’s CEO Mohamed Hassan Alsuwaidi said.
The transaction is subject to customary closing conditions, including regulatory approvals.
ADQ will become the largest shareholder in Pure Health. Other shareholders include Alpha Dhabi Holding, AH Capital, Ataa Financial Investments, as well as International Holding Company, a company led by Sheikh Tahnoon bin Zayed Al Nahyan. Sheikh Tahnoon bin Zayed Al Nahyan is the United Arab Emirates’ national security adviser and a brother of the country’s de facto ruler Abu Dhabi Crown Prince Mohammed bin Zayed. Alpha Dhabi is a subsidiary International Holding Company.
