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Centene completes sale of Circle Health to Pure Health

EditorRachael Rajan
Published 01/13/2024, 02:10 AM
© Reuters.
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PUREHEALTH
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ST. LOUIS - Centene Corporation (NYSE: NYSE:CNC), a prominent healthcare enterprise, has successfully completed the divestiture of Circle Health Group to Pure Health, as announced today. Circle Health Group is recognized as one of the United Kingdom's leading independent hospital operators, and its acquisition by Pure Health, the largest integrated healthcare platform in the Middle East, marks a significant transition for both entities.

The transaction's completion is a reflection of Centene's dedication to its primary business operations and long-term strategic goals. Sarah London, CEO of Centene, expressed confidence in Circle Health's future prospects, stating, "Circle Health is well-positioned to continue delivering clinical excellence and driving market impact under Pure Health ownership." London also emphasized Centene's commitment to its core operations and strategic execution.

Centene, a Fortune 500 company, initially invested in Circle Health in 2019 and acquired the remaining equity interests in July 2021.

The recent divestiture aligns with Centene's value creation strategy and is indicative of its efforts to optimize its investment portfolio. The company continues to prioritize growth and value creation, as well as the development of its personnel, systems, and capabilities to enhance service delivery to its members and partners.

The information in this article is based on a press release statement.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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