PureHealth Holding PJSC (“PureHealth” or “the Group”) (ADX Symbol: PUREHEALTH), the largest healthcare group in the Middle East, continues to benefit from the growing international presence of its associate, Ardent Health (NYSE: ARDT). Ardent has strategically expanded its network by acquiring 18 urgent care clinics across New Mexico and Oklahomain the United States from NextCare Urgent Care.
This acquisition underscores PureHealth’s focus on leveraging its international portfolio to drive growth through a bolt-on strategy, while advancing healthcare accessibility on a global scale. The newly added clinics, six in New Mexico under Lovelace Health System and 12 in Oklahoma under Hillcrest HealthCare System, significantly strengthen Ardent’s ambulatory operations in key U.S. markets.
The transaction builds on Ardent’s acquisition of nine urgent care centres in East Texas and Topeka, Kansas, in 2024, further broadening its reach across mid-sized urban communities in the U.S. For PureHealth, these advancements reinforce its strategy of expanding into high-potential markets and creating sustainable, globally integrated healthcare solutions.
PureHealth remains focused on scaling its international operations to deliver stakeholder value through the bolt-on strategy of its investment in Ardent Health. Furthermore, Ardent Health achieved a successful IPO in July 2024, signifying value creation for PureHealth since its investment in Ardent Health in May 2023.
“Expanding our urgent care footprint represents significant progress in our mission to create a consumer-focused ecosystem of care in each of the communities we serve,” Bonick said in a statement.
“We’re helping patients receive the care they need, when and where they need it, by increasing access to convenient, high-quality services,” Marty Bonick, CEO of Ardent Health.
“These additional access points also bring new patients into our network while creating enhanced capacity to serve patients within our clinics and Emergency Departments,” the CEO added.
Ardent Health reported USD 1.45 billion in revenue in the third quarter of 2024, a 5.2% increase compared to the same quarter in 2023. The system also reported a 6.4% uptick in admissions in the third quarter, year over year.
