Centene said on Monday it will sell private healthcare provider Circle Health Group to United Arab Emirates-based PureHealth in a deal valued at about $1.2 billion including debt.
The US company first invested in UK-based Circle Health in 2019 and acquired its remaining equity in 2021.
PureHealth, which is the UAE’s largest healthcare provider, played a major role in screening for COVID-19 infections in the country.
It is majority-owned by Abu Dhabi investment fund ADQ, and a stake is held by International Holding Company, both chaired by Sheikh Tahnoun bin Zayed Al Nahyan, the national security adviser and a brother of UAE ruler Sheikh Mohammed bin Zayed.
Reuters
