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Healthcare giant PureHealth sold off the Abu Dhabi Stem Cells Center and Yas Clinic Group to Qatar-based Encircle Investments and Infinity Investments, a Pure Health ADX filing (pdf) reads. The exact value of the transaction was not disclosed, but the company said it had a “non-material” financial impact.
The rationale: PureHealth wants to focus on streamlining operations and offering specialized healthcare services, it noted in the statement.
Fast facts: The Abu Dhabi Stem Cells Center is the first in the UAE and one of only two centers in the Middle East recognized by the Foundation for the Accreditation of Cellular Therapy, which is considered the leading accreditation organization for cellular therapy programs on a global scale.
