PureHealth Reports Revenue of $7.02 Billion in 2024
- Business Companies Earnings Regional
Global Business Magazine- 5 minutes read
Underscoring the effectiveness of its strategy, PureHealth, the largest integrated healthcare platform in the Middle East, has reported a revenue of $7.02 billion representing a 58% y-o-y increase, and EBITDA advancing 69% to $1.12 billion in 2024.
PureHealth’s Founder and Managing Director Farhan Malik said they continued to demonstrate that impact and commercial sustainability were mutually reinforcing imperatives while maintaining a strong balance sheet.
“Our ambition is global. As the largest healthcare group in the Middle East, we are not merely expanding, we are reimagining what healthcare can and should be,” he said in the company’s integrated report for 2024, which was filed with Abu Dhabi Securities Exchange (ADX) on Thursday.
He said that the acquisition of Circle Health Group, the UK’s largest private hospital network, has strengthened their international reach, enabling the company to leverage best practices and bring world-class healthcare closer to those who need it.
Simultaneously, PreHealth’s expansion within the UAE, acquiring the largest healthcare complex in the region, which focuses on specialty care, reaffirms our commitment to elevating healthcare standards at home while positioning the UAE as a global hub for medical excellence.
“Our approach is anchored in disciplined capital allocation, strategic foresight, and unwavering commitment to measurable impact. We have deployed capital toward high-growth segments that align with our integrated care model, focusing on technologies and capabilities that enhance our ability to deliver personalised, proactive care at scale,” Malik added.
Ambitious Strategy
PureHealth CEO Shaista Asif said that the company’s growth story is one of transformation, underpinned by a disciplined and ambitious strategy that extends beyond acquisitions.
The consolidated revenue in 2024 was driven by strong performance across our core segments: hospitals, insurance, diagnostics, and procurement. Net profit rose by 78% to $460 million, demonstrating the company’s ability to scale efficiently and enhance profitability.
Besides Circle Health Group in the UK, the company has acquired Sheikh Shakhbout Medical City (SSMC) in the UAE enhancing its footprint in specialised and complex care.
PureHealth also commissioned Sheikh Khalifa Hospital Fujairah and the integration of the National Rehabilitation Centre (NRC).
“These strategic developments underscore our vision to build an interconnected global healthcare network, delivering excellence across borders and advancing the future of health globally,” Shaista said.
According to her, beyond acquisitions, their growth has been driven by organic expansion, enhanced operational efficiencies, and a patient-centric approach. Investments in advanced clinical services, digital transformation, and AI-powered healthcare solutions have strengthened the company’s ability to deliver superior outcomes while improving accessibility.
“Our focus on elevating primary care, expanding specialist services, and optimising hospital operations has led to increased patient volumes and improved clinical outcomes. The continued growth of our insurance and diagnostics businesses, alongside the integration of cutting-edge technologies, has further cemented our position as a leader in healthcare innovation and service excellence,” she explained.
There was a significant increase in patient volumes, with over 9 million interactions across our network and PureHealth’s hospitals and clinics experienced double-digit growth in admissions, while its market-share in the private healthcare sector increased to 43% in the UK and continued to rise across key markets in the UAE.
To further elevate healthcare access, the company expanded SEHA’s primary care clinics, enhanced emergency services at Sheikh Khalifa Medical City and Tawam, and introduced new service lines, including home-based haemodialysis and genetic metabolic services, she added.
