PureHealth Holding, has announced a new leadership structure to its organisational model ahead of its initial public Offering (IPO) on the First Market of the Abu Dhabi Securities Exchange (ADX).

 

Farhan Malik, Founder and Managing Director of PureHealth, said: “The Board and I are delighted that Shaista Asif has accepted the role of PureHealth Chief Executive. Shaista is a dynamic, values-driven business leader who has a diverse background of experiences and an excellent track record of delivery in the global health industry. Her exceptional strategic capabilities, proven operational effectiveness, and strong experience in both developed and developing markets are significant assets that will undoubtedly propel PureHealth towards greater heights in the healthcare industry."

 

Under the new structure, PureHealth founder Malik has been appointed as Managing Director. His expanded mandate will include further developing PureHealth's business globally, formulating effective strategies, and ensuring the delivery of service excellence to clients, thereby adding value to shareholders.

 

Long-term growth

“We look forward to Shaista realising the full potential of PureHealth as a winning healthcare conglomerate which delivers long-term growth and value for all its stakeholders,” Malik added.

 

Earlier this year, Forbes Middle East ranked Shaista Asif among the top 10 in the 2023 list of the 100 Most Powerful Businesswomen and number 1 healthcare leader across the region. 

 

With more than 22 years of experience, 16 of which she has spent in the healthcare industry. She cofounded the PureHealth Group in 2006 and assumed her current role in 2010.

 

During her time at PureHealth Asif has overseen multiple successful acquisitions including Abu Dhabi Health Services Co (SEHA), The National Rehabilitation Centre (NRC), The National Health Insurance Co (Daman), the largest healthcare insurance company in the UAE; acquisition of stake in Ardent Healthcare, the 4th largest private healthcare group in the USA, and led the landmark acquisition of Circle Health Group, the first-of-its-kind healthcare acquisition by a UAE-based group in the UK, given its scale and magnitude, a deal worth $ 1.2 billion.--TradeArabia News Service