
PureHealth records 78% higher net profits in 2024
Abu Dhabi: PureHealth Holding recorded 78% year-on-year (YoY) higher net profits at AED 1.71 billion in 2024, compared to AED 964.95 million, according to the financial results.
Basic and diluted earnings per share (EPS) increased to AED 0.15 last year from AED 0.10 in 2023.
Revenues hiked by 58% to AED 25.84 billion as of 31 December 2024, driven by robust growth across its core segments, including Hospitals, Insurance and Procurement.
Hamad Al Hammadi, Chairman of PureHealth, commented: "This year, we significantly expanded our global presence with key acquisitions, strengthened our operational capabilities, and advanced our mission to redefine healthcare excellence."
Shaista Asif, Group CEO at PureHealth, said: 'With the acquisition of Circle Health Group in the UK, we extended our world-class care beyond borders, while the integration of Sheikh Shakhbout Medical City (SSMC) reinforced our expertise in complex, life-saving treatments.'
'As we enter 2025, we remain focused on expanding specialised services, leveraging AI to enhance operational efficiency and advance predictive and personalised care, while accelerating international growth,' Asif noted.
During the first nine months (9M) of 2024, PureHealth achieved higher net profits at AED 1.43 billion.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Tahawul Tech
34 minutes ago
- Tahawul Tech
Apple opens its AI to developers
Apple announced recently a slew of artificial intelligence features including opening up Apple Intelligence's underlying technology in a modest update of its software and services as it lays the groundwork for future advances. The presentations at its annual Worldwide Developers Conference focused more on incremental developments, including live translations for phone calls, that improve everyday life rather than the sweeping ambitions for AI that Apple's rivals are marketing. A year after it failed to deliver promised AI-based upgrades to key products such as Siri, Apple kept its AI promises to consumers low-key, communicating that it could help with tasks like finding where to buy a jacket similar to one they have seen online. Behind the scenes, Apple hinted at a strategy of offering its own tools to developers alongside those from rivals, similar to a strategy by Microsoft last month. Apple software chief Craig Federighi said the company will offer both its own and OpenAI's code completion tools in its key Apple developer software and that the company is opening up the foundational AI model that it uses for some of its own features to third-party developers. 'We're opening up access for any app to tap directly into the on-device, large language model at the core of Apple,' Federighi said. In an early demonstration of this at work, the company added image generation from OpenAI's ChatGPT to its Image Playground app, saying that user data would not be shared with OpenAI without a user's permission. 'You could see Apple's priority is what they're doing on the back-end, instead of what they're doing at the front-end, which most people don't really care about yet,' said Ben Bajarin, chief executive of analyst firm Creative Strategies. Apple is facing an unprecedented set of technical and regulatory challenges as it kicked off its software developer conference. Shares of Apple, which were flat before the start of the event, closed 1.2% lower on Monday. 'In a moment in which the market questions Apple's ability to take any sort of lead in the AI space, the announced features felt incremental at best,' Thomas Monteiro, senior analyst at said. Compared with what other big AI companies are introducing, he added, 'It just seems that the clock is ticking faster every day for Apple.' That is a contrast to the ambitious vision laid out by Apple last year. 'They went from being visionary and talking about agents before a lot of other people did, to now realizing that, at the end of the day, what they need to do is deliver on what they presented a year ago,' said Bob O'Donnell, chief analyst at Technalysis Research. Apple executives said that developers will have access only to Apple's on-device version of Apple Intelligence, which does not tap into special data centres Apple built for its AI efforts. The on-device model is about 3 billion parameters, a measurement of the model's level of sophistication, meaning that it cannot handle the more complex tasks that cloud-based models can. Source: Reuters Image Credit: Apple


Zawya
an hour ago
- Zawya
CorroHealth makes strategic investment in Gulf Capital's Santechture
Abu Dhabi – Gulf Capital, one of the largest private equity firms investing from the GCC to the rest of Asia, announced today that global healthcare technology company CorroHealth has made a strategic investment into one of its portfolio companies, Santechture, a Dubai based pioneering revenue cycle management (RCM) intelligent technology solutions provider. The deal brings together the industry-leading AI capabilities of CorroHealth with the advanced RCM solutions of SANTECHTURE, equipping SANTECHTURE healthcare clients across the Gulf Cooperation Council (GCC) region with powerful new technology to maximize ROI. The investment formalizes what has been a productive working relationship between the two companies. Over the past two years, CorroHealth and SANTECHTURE have successfully completed multiple proofs of concept for SANTCEHTURE clients. In January, SANTECHTURE and CorroHealth jointly hosted the Arab Health reception focused on AI and Revenue Cycle Management (RCM) Innovation. SANTECHTURE, which is backed by leading institutional investors Gulf Capital and Shorooq Partners, has seen a phenomenal increase in demand for its advanced deep tech RCM solutions in the GGC and across regional markets, and this partnership will support yet another leap ahead in advancing innovation and value creation. CorroHealth CEO Pat Leonard said, 'This is an exciting step forward for CorroHealth, as we combine our technological capabilities with a local company based in the GCC region. CorroHealth joining forces with SANTECHTURE brings the best of both worlds to provide clients in the region with unsurpassed RCM capabilities to protect hospitals' bottom lines and help to ensure their financial future.' SANTECHTURE Founder and CEO Anas Batikhi said, 'The pairing of SANTECHTURE's unique leading-edge solutions with CorroHealth's AI driven innovations in the RCM technology space is truly unrivalled. We are especially thrilled to be cementing further our working relationship with CorroHealth and leading the intelligent automation drive to support our clients and partners with their RCM digital transformation journey, delivering on cost reduction and improved revenue outcomes.' Gulf Capital Managing Director Mohammad Madani added, 'We are proud to have been early backers of SANTECHTURE and to now support this landmark partnership between SANTECHTURE's and CorroHealth. This strategic investment is a strong validation of SANTECHTURE's leadership in intelligent RCM solutions across the GCC and marks a pivotal milestone in its growth journey. We are confident this collaboration will unlock significant value for healthcare providers in the region.' Bilal Mushtaq, MD, CorroHealth's Executive Vice President of Global Growth and Strategy for GCC market expansion said 'This strategic investment and partnership marks a pivotal step forward in our growth strategy, reinforcing our commitment to innovation and delivering greater value to a new market. This is not just a collaboration but a shared vision to forge a new path towards providing excellence in revenue cycle management'


Tahawul Tech
an hour ago
- Tahawul Tech
Amazon to invest $20bn in cloud infrastructure
said recently it plans to invest at least $20 billion in Pennsylvania to expand data centre infrastructure, adding on to the billions of dollars the technology giant has committed to the expansion of artificial intelligence. This underscores Big Tech's commitment to making hefty investments to support booming generative AI technology, as the world's biggest companies race each other to deliver the most sophisticated AI models and cloud services. The investment in Pennsylvania comes less than a week after Amazon said it will invest $10 billion in North Carolina and announced plans to invest more than $5 billion in its new cloud infrastructure in Taiwan. The investment will create 1,250 high-skilled jobs and support thousands more in the Amazon Web Services data centre supply chain, the company said. Salem Township and Falls Township are the first communities identified as sites for future campuses, according to the company. Amazon's capital expenditures totalled about $25 billion in the first quarter, and the company has said it expects to maintain that level of spending for the rest of the year. Amazon did not immediately respond to a request for additional details on whether the $20 billion investment was part of the previously announced capital expenditure plans. The company also did not specify a timeframe for its investment. Source: Reuters Image Credit: Amazon