UAE Equity Research - Pure Health Holding 3Q25 - First Look Note
Outpatient and inpatient volumes in the UAE increased 12% and 17% YOY, respectively, in 3Q25. Bed occupancy rate increased to 73% in 9M25 from 70% in 9M24 in the UAE. Pure Health completed the acquisition of a Hellenic Healthcare Group (HHG), the largest private healthcare provider in Greece and Cyprus, for a 60% stake at EUR 800 Mn in 3Q25.
UAE Equity Research - Pure Health Holding 2Q25 - First Look Note
Outpatient and inpatient volumes in the UAE increased 24% and 13% YOY, respectively, in 2Q25. Bed occupancy rate increased to 73% in 2Q25 from 70% in 2Q24 in the UAE. Pure Health partnered with Cincinnati Children’s, a leading pediatric care hospital across the globe.
UAE Equity Research - Pure Health Holding PJSC 1Q25 - First Look Note
Outpatient and inpatient volumes in the UAE increased 11% and 7% YOY, respectively, in 1Q25. Bed occupancy rate increased to 72% in 1Q25 from 69% in 1Q24. Diagnostics Service Segment tapped new market segments of surgical sterilization, nuclear medicine, durable medical equipment and digital health.
UAE Equity Research - Pure Health Holding 1Q25 - Earnings Call Insight
Pure Health’s revenue grew 7.6% YOY to AED 6,581 Mn in 1Q25, fueled by rising patient volumes across the Hospital segment and higher renewals in the Insurance segment. Revenue from hospital and other related services increased 3.3% YOY to AED 4,571 Mn in 1Q25, driven by an increase in volume across the UAE and UK.
UAE Equity Research - Pure Health Holding 1Q25 - Earnings Flash
Net profit for the quarter grew by 3% YoY in 1Q25 to AED 505 Mn, with a net profit margin of 7.7% (down 0.3% YoY). The modest growth reflects higher income tax expenses (up 96% YoY to AED 56 Mn) and increased in OPEX, particularly in hospitals. Despite the margin pressure, the company’s focus on strategic investments positions it for enhanced profitability over the medium term. The earnings per share (EPS) over the last twelve months (LTM) improved by 40% YoY to AED 0.16.
UAE Equity Research - Pure Health Holding 4Q24 - First Look Note
Pure Health strategically expanded its operational footprint with the 100.0% acquisition of Circle Health and SSMC, along with starting Sheikh Khalifa Hospital in Fujairah. The Company expanded its international presence by acquiring a 60% stake in Hellenic Healthcare Group for USD 2.3 Bn.
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