Overview

• The completed transaction gives PureHealth control of HHG’s operations across Greece and Cyprus for a 60% shareholding.
• HHG adds 11 hospitals, 23 diagnostic centres and more than 6,900 healthcare professionals serving roughly 1.4 million patients a year to PureHealth’s network.
• PureHealth said it expects to recognise financial upside from October 1, citing execution through its balance sheet.
• Public reports differ on the exact remaining ownership split and implied valuation, with accounts citing either a combined 40% for CVC and management or a 35% stake for CVC and 5% for CEO Dimitris Spyridis, and valuations referenced at €1.3bn and previously €2.2bn.
• A closing ceremony in Greece featured senior Greek ministers and the UAE ambassador, and the deal follows PureHealth’s acquisitions of the UK’s Circle Health and a stake in US-based Ardent Health.