PureHealth Holding announced on Thursday a 56 percent year-on-year surge in revenue, reaching Dh19 billion for the nine-month period ending September 30, 2024. Earnings before interest, taxes, depreciation, and amortization (EBITDA) rose 26 percent to Dh3.1 billion, reflecting a 16.5 percent margin. Net profit also saw a 13 percent year-on-year increase, totaling Dh1.4 billion.
The revenue growth was largely fueled by heightened patient demand within the Group's hospitals segment, which continues to be the primary revenue driver, accounting for Dh14.6 billion. This segment experienced an 87 percent year-on-year revenue increase, largely due to strategic acquisitions made earlier this year. Notable additions include Sheikh Shakhbout Medical City (SSMC), the UAE's largest healthcare complex, and Circle Health Group, the UK's largest private hospital group. The integration of the National Rehabilitation Centre (NRC) and Sheikh Khalifa Hospital Fujairah further bolstered the segment's performance, enhancing service delivery and expanding the Group's operational reach.
Hamad Al Hammadi, Chairman of PureHealth, stated: "As we continue on our growth path, we remain committed to advancing longevity science to enhance quality of life. This year's strategic acquisitions have significantly strengthened PureHealth's global standing as an integrated healthcare platform, providing access to a premium cross-sector ecosystem. Our performance metrics highlight our dedication to driving innovation, achieving operational excellence, and prioritizing a patient-centric, proactive approach to care for the people of the UAE and beyond."
Shaista Asif, Group CEO at PureHealth, added: "PureHealth's robust financial performance for the period is a testament to our strategic focus on growth through targeted acquisitions and operational excellence. The substantial revenue and profit growth reflects our expanding healthcare network, particularly in the hospital segment, where key assets like Sheikh Shakhbout Medical City (SSMC) and Circle Health Group have been instrumental."
Patient interactions across PureHealth's UAE and UK assets increased by 66 percent. Overall outpatient, inpatient, and emergency volumes rose by 70 percent, 105 percent, and 34 percent respectively. Alongside this remarkable volume growth, the group's bed capacity expanded by 82 percent, totaling approximately 4,800 beds. The insurance segment's revenue grew 17 percent year-on-year to Dh5.1 billion in the first nine months of 2024, driven by a 21 percent increase in gross written premiums to Dh5.5 billion. This growth was supported by an enhanced value proposition, which facilitated the retention of key accounts, and a 4 percent year-on-year increase in the segment's total active members to 3.1 million during the period.
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