PureHealth Holding recorded a 58% year-on-year (YoY) revenue increase in 2024, reaching AED 25.8 billion ($7 billion). This sharp growth was driven by expansion across core segments, including Hospitals, Insurance, and Procurement. The successful integration of strategic acquisitions further strengthened its financial performance.
Robust Financial Performance
The Group’s strong results positively impacted profitability. EBITDA rose by 69% YoY to AED 4.1 billion ($1.1 billion), while net profit grew by 78% YoY to AED 1.7 billion ($463 million). These achievements reflect the company’s effective strategic execution and operational excellence.
Chairman Hamad Al Hammadi highlighted PureHealth’s continued expansion and commitment to innovation. “This year, we significantly enhanced our global presence through key acquisitions and strengthened our capabilities. Moving forward, we remain focused on international expansion and creating long-term value for shareholders,” he said.
CEO Shaista Asif emphasized the company’s dedication to redefining healthcare. “2024 was a transformative year for PureHealth. We expanded globally, optimized operations, and leveraged AI to advance predictive and personalized care. Our acquisition of Circle Health Group in the UK broadened our world-class services, while integrating Sheikh Shakhbout Medical City (SSMC) reinforced our expertise in complex treatments,” she stated.
Hospital Segment Leads Growth
The hospital segment drove much of the revenue increase, growing 87% YoY to AED 19.7 billion ($5.4 billion). This surge resulted from higher patient volumes and expanded medical services. Across its UAE and UK assets, PureHealth recorded a 66% rise in patient interactions, totaling 9.9 million in 2024. Additionally, bed capacity nearly doubled to 4,900, while outpatient, inpatient, and emergency visits grew by 72%, 24%, and 31%, respectively.
The Insurance Segment grew 17% YoY to AED 6.9 billion ($1.9 billion), supported by a 6% rise in active members and a 24% increase in gross written premiums. The Procurement Segment expanded by 27%, reaching AED 5.2 billion ($1.4 billion), driven by a growing client base and higher demand for diagnostics and medical devices. Meanwhile, the Diagnostic Services Segment saw a slight revenue uptick of 1%, totaling AED 1.1 billion ($299 million). The new Technology Segment contributed AED 469 million ($128 million), reflecting the company’s focus on digital transformation.
Future Outlook and Expansion Plans
PureHealth is building a scalable equity platform to deliver complex healthcare services and capture a larger market share. The company is also leveraging AI for predictive analytics, personalized treatment plans, and operational efficiencies. To accelerate its global presence, PureHealth is actively pursuing acquisitions in key international markets. These initiatives reinforce its position as a leader in integrated, technology-driven healthcare.
