PureHealth Achieves AED 1.4 Billion Net Profit Amid Strategic Growth And Increased Patient Demand

PureHealth Holding has released its financial results for the nine months ending 30th September 2024. The company reported a 56% increase in revenue, reaching AED19 billion, and a 26% rise in EBITDA to AED3.1 billion, achieving a margin of 16.5%. Net profit also grew by 13%, amounting to AED1.4 billion.

The primary driver of revenue growth was the increased demand in the Group's hospitals segment, which contributed AED14.6 billion to total revenue. This segment saw an impressive 87% year-on-year increase, largely due to strategic acquisitions earlier this year. Notable additions include Sheikh Shakhbout Medical City and Circle Health Group.

Hamad Al Hammadi, Chairman of PureHealth, stated, "As we progress along our defined growth trajectory, we remain dedicated to advancing the science of longevity in the pursuit of improving quality of life. The strategic acquisitions made this year have significantly strengthened PureHealth's global position as an integrated healthcare platform, granting access to a premium cross-sector ecosystem."

The integration of key facilities like the National Rehabilitation Centre and Sheikh Khalifa Hospital Fujairah bolstered the hospital segment's performance. These additions improved service delivery and expanded PureHealth's operational reach. The company's focus on strategic acquisitions has been pivotal in enhancing its global standing.

Shaista Asif, Group CEO at PureHealth, remarked, "PureHealth’s strong financial performance for the period underscores the success of our strategic focus on growth through targeted acquisitions and operational excellence. The significant revenue and profit increases reflect our expanding healthcare network."

Patient Interaction and Bed Capacity Expansion

Patient interactions across UAE and UK facilities rose by 66%. Outpatient volumes increased by 70%, inpatient by 105%, and emergency volumes by 34%. Alongside this growth, bed capacity expanded by 82%, totalling approximately 4,800 beds.

The insurance segment also experienced growth with a 17% increase in revenue to AED5.1 billion during the first nine months of 2024. This was supported by a 21% rise in Gross Written Premiums to AED5.5 billion and a 4% increase in active members to 3.1 million.

PureHealth's financial performance highlights its commitment to innovation and operational excellence while prioritising patient care both within the UAE and internationally.

With inputs from WAM