PureHealth has completed the acquisition of a majority stake in Greece’s Hellenic Healthcare Group. Credit: HHG
Abu Dhabi’s leading healthcare group, PureHealth, has completed the acquisition of a 60% stake in Hellenic Healthcare Group (HHG), Greece’s largest private healthcare provider, in a deal valued at $933 million (€800 million).
The acquisition strengthens PureHealth’s international footprint and diversifies its revenue streams beyond the Gulf region.
Deal overview and ownership structure
Under the transaction, CVC Capital Partners and HHG management retain a combined 40% stake. Prior to the deal, CVC Capital Partners owned 90% of HHG, while CEO Dimitris Spyridis held the remaining 10%.
The investment gives PureHealth access to HHG’s 11 hospitals, 23 diagnostic centers, and more than 6,900 healthcare professionals serving approximately 1.4 million patients annually.
Strategic Rationale and Integration Plans
PureHealth intends to integrate HHG’s operations into its global network, with the goal of generating 50% of revenue from international markets.
Chairman Kamal Al Maazmi described the acquisition as part of building “a globally connected healthcare platform,” highlighting the company’s ability to navigate complex regulatory approvals in mature markets.
“This expansion into Europe enables knowledge sharing and innovation, improving outcomes for patients across our network,” Al Maazmi said.
Enhancing operations and financial performance
The HHG acquisition is expected to boost revenue diversification, improve operational efficiency, and strengthen PureHealth’s overall financial performance.
The deal complements prior international investments, including the $1.2 billion acquisition of UK hospital operator Circle Health Group and a 26% stake in Ardent Health for $500 million, along with Ardent’s listing on the New York Stock Exchange.
HHG: Greece’s Premier Private Healthcare Network
Founded in 2018, HHG (Hellenic Healthcare Group) operates 11 hospitals and 16 diagnostic centers across Greece and Cyprus, with a total capacity exceeding 1,600 beds. The group was established to drive the continuous development of medical and nursing care in Greece, a sector presenting significant growth opportunities.
HHG stated that will focus on modernizing healthcare services to the highest international standards, promoting Greece as a hub for medical excellence, and attracting specialized healthcare professionals from both Greece and abroad. By investing in research and advanced medical technologies, the group seeks to reverse the “brain drain” in the healthcare sector and maintain internationally competitive standards.
The hospitals under HHG’s management include:
Hygeia
Metropolitan Hospital
Mitera
Metropolitan General
Lito
Creta Interclinic
City Clinic in Kalamata
Mitera Crete
In Cyprus, HHG operates:
Apollonian Private Hospital – Located in Nicosia.
Aretaieio Hospital – Also in Nicosia.
Evangelismos Private Hospital – Situated in Paphos.
PureHealth: Expanding a Global Healthcare Empire
PureHealth, controlled by Abu Dhabi’s sovereign wealth fund ADQ, operates more than 100 hospitals and over 300 clinics worldwide, employing more than 56,000 professionals. With a market value of approximately $11 billion, PureHealth has become a leading international healthcare operator, leveraging investments and acquisitions to expand its global footprint.
The HHG acquisition follows recent deals including the purchase of the UK-based Circle Health Group and a minority stake in US-based Ardent Health Services in 2023. These moves are part of PureHealth’s strategic objective to generate 50% of its revenue outside the Gulf Cooperation Council; currently, around one-third of revenue comes from international markets, according to CEO Shaista Asif.