Centene said on Monday it will sell British hospital operator Circle Health Group to United Arab Emirates-based PureHealth for about $1.2 billion including debt, as the U.S. health insurer refocuses on its core business.
The acquisition will help PureHealth, which is the UAE’s largest healthcare provider, enter the UK market in a deal that it said has the potential to deliver wide-ranging benefits to the healthcare ecosystems of both countries.
“These benefits include the expansion of clinical knowledge and delivery of new medical techniques through enhanced collaboration between medical professionals, as well as the use of cutting-edge technologies and provision of broadened treatment options for patients in the UAE,” PureHealth said in a statement.
