BUYING TIME
Forbes Middle East - English|March 2023
Shaista Asif, co-founder and Group COO of PureHealth, heads MENA's largest healthcare conglomerate. Merging technology with an increasingly broad portfolio of healthcare providers, the company is expanding its reach to help elongate people's lifespans.
BUYING TIME

Although they may not be aware of it, you would be hard-pressed today to find a U.A.E. resident that hasn't visited or interacted with a healthcare entity owned by the PureHealth Group. The healthcare conglomerate is the largest in MENA, with over 25 hospitals, more than 100 clinics, and 160 labs, as well as a health insurance provider, pharmacies, healthtech companies, procurement, and investments. "Having all of these assets under one umbrella gives us the ability and the agility to provide holistic care to our patients with the maximum positive impact to them," says Shaista Asif, Cofounder and Group COO of Pure Health, stressing that the group's ultimate goal is to be able to achieve longevity for people, helping them live healthier for longer.

In January 2022, Pure Health shareholder, Alpha Dhabi Holding (ADH), announced that it had entered into an agreement with state fund ADQ to consolidate several companies within PureHealth, making it the largest healthcare provider in MENA. The entities under its umbrella include the Abu Dhabi Health Services Company (SEHA), the National Health Insurance Company PJSC (Daman), the Abu Dhabi Stem Cells Center, Ambulatory Healthcare Services, Rafed, Yas Clinic Group, The Life Corner, Tamouh Healthcare, The Medical Office, Pure Lab, and ONE Health.

The agreement saw ADQ become the largest shareholder in PureHealth, along with other stakeholders, including ADH, the International Holding Company (IHC), AH Capital, and Ataa Financial Investments. However, not content with having the largest healthcare network in the region, Pure Health also started looking overseas. "Our investment strategy is to grow into international markets, invest in companies that add value to our investment portfolio and our operational competencies as well," explains Asif.

This story is from the March 2023 edition of Forbes Middle East - English.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the March 2023 edition of Forbes Middle East - English.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM FORBES MIDDLE EAST - ENGLISHView All
Celebrating Emirati Businesswomen and Entrepreneurs on Emirati Women's Day
Forbes Middle East - English

Celebrating Emirati Businesswomen and Entrepreneurs on Emirati Women's Day

As part of the U.A.E.’s annual Emirati Women’s Day celebrations, the Abu Dhabi Business Women Council and the Abu Dhabi Chamber hosted an event on August 28, 2024, under the theme “We Collaborate for Tomorrow,” celebrating the role and achievements of Emirati women.

time-read
2 mins  |
Sep 2024
THE MIDDLE EAST'S TOP 100 HEALTHCARE LEADERS 2024
Forbes Middle East - English

THE MIDDLE EAST'S TOP 100 HEALTHCARE LEADERS 2024

MENA’s healthcare landscape is evolving towards integration, marked by the rise of fully comprehensive ecosystems. Industry giants are setting future trends, driven by systems that thrive on data abundance, accessibility, and intersectoral collaboration.

time-read
6 mins  |
Sep 2024
SCOUTING FOR OPPORTUNITIES
Forbes Middle East - English

SCOUTING FOR OPPORTUNITIES

Ayman Cheikh-Lahlou, Chairman and CEO of the Morocco-based Cooper Pharma, took the helm of the family-owned pharmaceutical company in 2005 and has seen business boom over nearly 20 years. Now, he’s exploring expansion opportunities in new markets.

time-read
7 mins  |
Sep 2024
TURNING THE TIDE
Forbes Middle East - English

TURNING THE TIDE

Irina Zaporozhets, President and General Manager for Eli Lilly Suisse S.A. in the META region is driving expansion, focusing on innovation and patient-centric care. As she navigates regional challenges, her commitment to expanding access to medicine remains at the forefront.

time-read
7 mins  |
Sep 2024
Supercharging AI
Forbes Middle East - English

Supercharging AI

Armed with a newly raised 640 million, GROQ thinks it can challenge one of the world’s most valuable companies with a purpose-built chip designed for Al from scratch.

time-read
5 mins  |
Sep 2024
How Technology is Accelerating Digital Equality in Diverse Markets
Forbes Middle East - English

How Technology is Accelerating Digital Equality in Diverse Markets

The rise of smartphones and digital technologies has transformed our daily lives, contributing to the evolution of connected consumers.

time-read
2 mins  |
Sep 2024
Rare Fortune
Forbes Middle East - English

Rare Fortune

Money manager JAMES LITINSKY turned a bad junk bond bet into a $400 million fortune. His MP Materials operates a strategic mine and will begin manufacturing supermagnets for electric vehicles next year.

time-read
6 mins  |
Sep 2024
The State of Mental Health in the Middle East
Forbes Middle East - English

The State of Mental Health in the Middle East

While mental health awareness is on the rise, the Middle East faces some challenges in providing care. Still, we're seeing some progress.

time-read
2 mins  |
Sep 2024
Big Breakthroughs
Forbes Middle East - English

Big Breakthroughs

From gene therapy to nasal sprays, these were some of the most significant healthcare breakthroughs in the last year.

time-read
3 mins  |
Sep 2024
MENA's 5 Most Valuable Healthcare Companies 2024
Forbes Middle East - English

MENA's 5 Most Valuable Healthcare Companies 2024

The combined market cap of 57 healthcare companies listed on MENA's stock exchanges hit $83.7 billion on August 13, 2024, with the top five companies accounting for about 62.4% of the total market cap. These are MENA's five most valuable healthcare companies in 2024.

time-read
2 mins  |
Sep 2024