HBI Deals+Insights / News

PureHealth’s HHG acquisition signals Middle East’s growing footprint in European healthcare

PureHealth, the Middle East’s largest hospital group by revenue, is acquiring a 60% stake in Greece’s private healthcare giant, Hellenic Healthcare Group (HHG), in a deal valuing HHG at $2.31 billion. Jersey-based private equity firm CVC Capital Partners, which currently owns 90% of HHG, will retain a 35% stake, while HHG’s CEO, Dimitris Spyridis, will keep 5%. The deal is subject to regulatory approvals, after which CVC and HHG management will hold a combined 40% stake and remain strategic partners in the company’s growth.  PureHealth has not disclosed the timeline for completion.