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PureHealth Achieves AED 1.0 billion Net Profit in 1H 2024; EBITDA Soars to AED 2.2 billion

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PureHealth booked a 53% y-o-y increase in revenue to AED 12.5 billion in H1 2024 following solid growth across its verticals.The Group’s EBITDA grew 15% y-o-y to AED 2.2 billion and it recorded a margin of 17.2% in H1 2024.

ABU DHABI, UAE, July 31, 2024 /PRNewswire/ — PureHealth Holding PJSC (‘PureHealth’ or ‘the Group’) (ADX Symbol: PUREHEALTH), the largest healthcare platform in the Middle East, today announced its financial results for the period ended 30 June 2024. PureHealth recorded a strong revenue increase of 53% y-o-y to AED 12.5 billion in H1 2024 on the back of solid growth booked across the majority of its verticals, primarily from the Hospitals, Insurance and Procurement segments.

Commenting on the results, the Group’s Chairman, Hamad Al Hammadi, said: “PureHealth remains committed to its vision of transforming healthcare delivery in the UAE and beyond. I am pleased to report that the Group has closed out the first half of 2024 with strong performance, which reflects the continued trust our patients place in the quality and breadth of our services. We are committed to progressing our journey as a leading UAE-based healthcare provider with global aspirationswith unwavering focus and determination.”

Revenue from Hospitals grew 83% y-o-y to AED 9.6 billion in H1 2024, primarily driven by the contributions generated from the Group’s acquisitions of Sheikh Shakhbout Medical City (SSMC) and Circle Health Group during the period. The segment’s revenue was also supported by higher patient volumes (OP up 17% y-o-y, IP up 43% y-o-y, and ED up 43% y-o-y)1 along with an 11% increase in overall bed occupancy to 72%, as well as the addition of the National Rehabilitation Center (NRC) to PureHealth’s portfolio during the period.

The Insurance segment’s revenues grew 15% y-o-y to AED 3.3 billion in H1 2024 due to an overall increase in premiums, specifically from the Enhanced Insurance portfolio, as well as from the rise in the segment’s total number of active members to 3.1 million in H1 2024 compared to 2.9 million in H1 2023. Parallel to this, the Procurement and Supply of Medical Related Services segment also supported the Group’s top-line growth for the period. The segment recorded revenue growth of 36% y-o-y to AED 2.7 billion in H1 2024 as the Group onboarded new customers and executed strategic expansions in diagnostics and medical devices as well as across the pharmaceutical and diabetes divisions.

On the strategic front, the Group acquired a 100% stake in Circle Health Group, the UK’s largest independent hospital operator, as well as SSMC, which stands as the UAE’s premier healthcare complex, known for its cutting-edge stem cell therapy facilities and top-tier clinical expertise. Additionally, the Group has offloaded its investments in Yas Clinic Group and Abu Dhabi Stem Cell Center (ADSCC) with effect from April 1, 2024. These divestments enable PureHealth to focus on advancing the specialised healthcare services previously provided at ADSCC and Yas Clinic, now fully integrated into SSMC, which aligns with PureHealth’s overarching strategy to streamline operations and relocate resources towards synergies across the Group as it looks to enhance its focus on advancing specialized healthcare services.

Shaista Asif, Group Chief Executive Officer at PureHealth, said: “The first half of the year has seen us continue to deliver on our growth strategies as we are actively pursuing expansion across both the local and international stages and have delivered on those fronts through the acquisition of Circle Health Group and SSMC. These assets provide us with additional avenues for growth within our Hospitals segment, allowing us to serve a wider patient base across the UAE and establish a stronger international presence.

Moreover, technology continues to be a critical driver of our success. Our recent advancements in digital health and AI solutions are not merely technological accomplishments; they represent transformative tools that have a tangible impact on patient care. These innovations exemplify our commitment to leveraging technology to streamline operations, enhance patient outcomes, and ultimately empower us to deliver on our promise of a healthier future for all.”

The Group has continued to innovate and establish technological advancements through its dedicated technology company PureCS, which powers PureHealth’s digital and technology segment. These include the most recent launch of an AI-powered blood glucose monitoring app, which empowers users to take charge of their health, as well as the significant progress made in the National Unified Medical Records initiative, aggregating millions of records and facilitating better patient care coordination across the UAE.

In terms of profitability, the Group’s EBITDA grew 15% y-o-y to AED 2.2 billion in H1 2024 and yielded an EBITDA margin of 17.2% during the period. The net profit for the Group for H1 2024 is AED 1.0 billion, reflecting a net profit margin of 8.0%.

Shaista provided conclusionary remarks, stating: “Looking ahead, the strong foundation we have built in the first half of 2024 positions us perfectly to capitalise on exciting opportunities and maximise the value creation opportunities for our shareholders. Our commitment to executing on an attractive acquisition pipeline, combined with the Group’s continuous innovation through its technology segment, will continue to fuel our growth engine. We are confident that these advancements will not only expand our reach and serve a wider patient base but will also further solidify PureHealth’s position as a healthcare leader at the forefront of innovation.”

1 Outpatient (OP), inpatient (IP), and emergency department (ED) patient traffic figures from the comparable period exclude Covid-related patient traffic.

About PureHealth

By advancing the Science of Longevity, PureHealth is introducing the healthcare of the future from the United Arab Emirates to the rest of the world. PureHealth is the largest healthcare platform in the Middle East with an ecosystem that challenges lifespans and reimagines health spans. With 100+ hospitals, 300+ clinics, multiple diagnostic centres, health insurance solutions, pharmacies, health tech, procurement, investments and more, its groundbreaking innovations are at the forefront of healthcare as the company is on a mission to unlock time for humankind.

Pure Health’s network comprises: 

SEHA – One of the largest healthcare networks of hospitals and clinics in the UAEAmbulatory Healthcare Services (AHS) – Delivering comprehensive community-based healthcare servicesDaman (The National Health Insurance Company) – The UAE’s leading health insurerThe Medical Office – Overseeing Sheikh Khalifa Hospitals and healthcare facilities established under the initiatives of H.H. The President of the UAERafed – The UAE’s largest healthcare Group Purchasing OrganisationPureLab – Managing and operating the largest network of laboratories in the regionOne Health – A network that provides end-to-end medical solutions to a base of over 300 healthcare service providersThe Life Corner – Abu Dhabi’s first holistic pharmacy, serving the health and wellness establishmentArdent Health Services – The fourth largest privately held acute care hospital operator in the USCircle Health Group – The largest independent operators of hospitals in the UKPureCS – A leading cloud and technology services provider, specialising in IT management and consulting solutions, cybersecurity, cloud services and AI information systemsSheikh Shakhbout Medical City (SSMC) – The UAE’s largest healthcare complex, delivering integrated complex care

To learn more, please visit www.purehealth.ae

 

Photo: https://mma.prnewswire.com/media/2472515/PureHealth_Results.jpg

 

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Varda Announces Third Mission Launch, the Company’s Second Launch this Year

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Varda aims to have a monthly launch and reentry cadence, developing a foundation layer for a thriving orbital economy

EL SEGUNDO, Calif., March 15, 2025 /PRNewswire/ — Varda Space Industries, Inc., a microgravity-enabled life sciences and reentry company, today announced the successful launch of its third orbital processing and reentry capsule, W-3, just 15 days after the reentry of the company’s second mission, which landed in Australia on Feb. 27, 2025.

The W-3 vehicle, supported by a Rocket Lab-developed Pioneer satellite like its predecessors, lifted off aboard the Transporter-13 rideshare mission with SpaceX from Vandenberg Space Force Base in California. 

W-3’s payload is an advanced navigation system called an Inertial Measurement Unit (IMU) developed by the US Air Force and Innovative Scientific Solutions Incorporated (ISSI). This payload will be tested at reentry speeds it was designed to withstand but has never encountered before.

IMUs are electronics that can measure an object’s motion, orientation, and velocity. For example, everything from cars to wearable fitness trackers have similar devices to tell their computer the orientation and location without the aid of an external signal like a GPS, though commercial IMUs are notoriously inaccurate at high-speed conditions. Varda’s capsule can help test these devices for our government and commercial partners to advance research into high-hypersonic technologies.

“The need for robust, plug-and-play IMU technology is a growing capability area that will significantly advance the current state-of-the-art for domain awareness and control of future systems,” said Dr. Steve NeVille, senior scientist at ISSI. “The W-3 reentry flight test with Varda provides an exciting and unique proto-qualification platform to rapidly advance our IMU technology readiness level in a relevant reentry environment, which is the pinnacle of early development testing.”

Varda’s capsule reenters the Earth’s atmosphere at speeds exceeding Mach 25, a unique environment that offers researchers a chance to gather data for multiple applications, expanding the possibilities for the orbital economy and supporting US national security interests in low Earth orbit.

“Varda’s commercial dual-use reentry capability is a game-changer for enabling rapid technology maturation for future systems,” said Technical Lead for AFRL’s Prometheus reentry testbed program, Dr. Erin Vaughan. “Affordable, frequent reentry flight test opportunities support S&T development for early risk reduction studies, reducing cost and schedule for novel technologies.”

The W-3 capsule’s payload is funded through the Prometheus program, an initiative from AFRL in partnership with Varda. The program addresses a national security need to accelerate testing and modernization of high-hypersonic systems and reentry technologies through a low-cost, high-cadence commercial flight testbed.

“High-cadence, routine operations is our goal. We are working to make reentry as commonplace as launch,” said Varda Vice President for Mission Management, Brandi Sippel. “We are looking forward to the day when sending capsules into orbit and back to Earth is seen as routine.”

W-3 will spend a few weeks on orbit before reentering and landing safely at the Koonibba Test Range in South Australia, operated by Southern Launch. Varda’s second capsule, W-2, was Australia’s first-ever commercial land reentry.

Distribution Unlimited; Approved for Public Release. Public Affairs Release # AFRL-2025-1094

About Varda

Varda Space Industries is making reentry as common as launch. We are building the infrastructure for a thriving orbital economy, from in-orbit pharmaceutical processing to reliable and economical reentry capsules. The company operates out of El Segundo, California with office and industrial production space. Follow Varda on X (@vardaspace), Instagram (@vardaspaceindustries), and LinkedIn.

For Investor Inquires: ir@varda.com

For Media Inquiries: media@varda.com

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SOURCE Varda Space Industries Inc.

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Plumosity Launches Exclusive Discounts Page, Expands Savings with Upcoming Cash Back Program

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Shoppers can now access premium promo codes, with cash back rewards launching in Q3 2025

LOS ANGELES, March 15, 2025 /PRNewswire-PRWeb/ — Plumosity is redefining savings for modern shoppers. With the launch of its highly anticipated Discounts Page, consumers can now unlock exclusive, hand-vetted promo codes and save up to 50% on top brands across home, beauty, technology, and wellness.

“With exclusive, hand-vetted promo codes and a game-changing cash back program on the way, Plumosity is transforming how modern shoppers save on premium brands.” — John Francis, Founder & CEO

“Shoppers shouldn’t have to waste time hunting for unreliable coupon codes,” said John Francis, Plumosity’s Founder & CEO. “Our team negotiates directly with top brands, ensuring our users get verified, high-value discounts. With our upcoming cash back program, we’re making savings even smarter.”

Exclusive Savings on Trusted Brands

Unlike traditional coupon sites that focus on quantity over quality, Plumosity partners directly with top brands to offer premium promo codes across multiple categories:

Tech & Digital: NordVPN, NordPass – 50% OFF SubscriptionHome & Living: Aroma360, Hotel Collection, Keego Blinds, Berkel, LUXE Bidet, LuxenHome, Lumary – Up to 20% OFFBeauty & Personal Care: PÜR, butter LONDON, COSMEDIX, RevAir, IT HAIRCARE – Up to 20% OFFHealth & Wellness: Gentlebands, Apollo Neuro, Medify Air, Botanic Choice, Enhanced Labs – Up to 25% OFFSpecialty: Olivieri 1882 – 10% OFF

View the full list of promo codes at https://www.plumosity.quest/discounts.

Cash Back Program Coming Q3 2025

Set to launch in Q3 2025, Plumosity’s cash back rewards program will allow users to earn real money back on qualifying purchases made through the platform. Whether buying home essentials, beauty products, or tech, shoppers will soon be able to stack discounts with cash back for even bigger savings.

“This is just the beginning,” Francis continued. “We’re creating a smarter shopping experience—one that combines immediate savings with long-term rewards.”

A Smarter Way to Shop

Plumosity integrates expert content, product recommendations, and savings opportunities, creating a streamlined experience where users can:

Read in-depth guides on home, wellness, and tech trendsAccess exclusive promo codes from premium brandsEarn cash back (coming Q3 2025) for additional savings

Beyond promo codes and savings, Shop Plumosity offers a curated selection of over 3,000 products across 16 key lifestyle categories, ensuring high-quality shopping experiences for modern consumers; these include:

Home & GardenBeauty & Self CareElectronics & TechnologyHealth & WellnessExercise & FitnessWomen’s Clothing & AccessoriesMen’s Clothing & AccessoriesChildren & FamilyArts & CraftsFood & BeverageFinance & InvestmentLuxury ItemsEducationInteresting Finds & Gifts

Explore the full collection at https://www.plumosity.quest/shop.

Start Saving Today

Start saving today at https://www.plumosity.quest/discounts. Sign up now to get exclusive early access to Plumosity’s cash back program before it launches in Q3 2025.

For the latest deals and brand partnerships, follow @Plumosity on Facebook, Instagram, Pinterest, X (Twitter), TikTok, and YouTube.

About Plumosity

Plumosity is the ultimate destination for modern living, combining expert content, curated shopping, and exclusive deals across home, technology, wellness, and style. Founded in 2023, Plumosity has rapidly become a trusted resource for consumers seeking quality products, authoritative information, and smarter ways to shop for everyday essentials and premium items alike.

Explore more at https://www.plumosity.quest.

Media Contact

John Francis, Plumosity, 1 8182795264, admin@plumosity.quest, https://www.plumosity.quest

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SOURCE Plumosity

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Prime Biome Warns Consumers About Unauthorized Sellers and Ensures Commitment to Product Authenticity

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NEW YORK, March 15, 2025 /PRNewswire/ — The official brand behind Prime Biome, a product developed under Bioventra’s portfolio of advanced formulations, has issued a public advisory regarding unauthorized third-party resellers misrepresenting the product online. Reports indicate that unverified vendors online have been listing non-official versions of Prime Biome across various platforms, leading to confusion among consumers.

The official Prime Biome brand has been receiving complaints from individuals who unknowingly made purchases from unverified sources, later realizing discrepancies in packaging, labeling, and ingredient details. This has raised concerns about product authenticity and integrity, as the formulation was developed exclusively under Bioventra’s stringent quality standards.

In response to these growing Prime Biome concerns, the company has issued an official statement emphasizing the importance of ordering from the official verified source only to ensure authenticity and product safety.

Unverified Resellers Causing Widespread Confusion

In recent weeks, multiple consumer reports have highlighted the increasing prevalence of unauthorized sellers listing Prime Biome outside of the brand’s verified distribution channels. This industry has faced similar challenges, with third-party vendors presenting themselves as legitimate sources while listing products that may not reflect official formulations.

The official Prime Biome team has been actively monitoring unauthorized listings and is committed to raising awareness about the potential risks associated with purchasing Prime Biome from unknown third-party vendors.

While some unauthorized sellers may claim to offer genuine Prime Biome, discrepancies in packaging, ingredient details, and overall product presentation have raised concerns. Consumers have reported receiving products that appear different from official branding, while others have struggled with Prime Biome returns and refund processes due to unclear seller policies.

Customer Complaints Highlight Need for Greater Awareness

Consumer reports received by the official Prime Biome brand have included concerns such as:

Product inconsistencies – Customers noted that labeling, logo placement, or product descriptions did not match official representations.Ingredient discrepancies – Since Prime Biome contains a proprietary blend of probiotics and botanical extracts, there have been concerns about whether third-party listings contain the expected formula.Unclear storage conditions – Prime Biome consumers have questioned whether unauthorized sellers store and handle the product correctly, as dietary supplements require specific conditions to maintain quality.Limited customer support – Many individuals who purchased Prime Biome from non-official sources reported that customer service inquiries went unanswered, leaving them unable to seek refunds or verify authenticity.

A spokesperson for the Prime Biome line commented:

“We take product integrity seriously and are committed to ensuring that consumers receive only authentic formulations. Unfortunately, unauthorized sellers sometimes misrepresent products, leading to confusion. We encourage Prime Biome customers to remain vigilant when verifying sources.”

The Rise of Unauthorized Third-Party Sellers

Unauthorized supplement resellers have become a growing issue across various e-commerce platforms, social media marketplaces, and third-party retail websites. Many third-party Prime Biome sellers attempt to capitalize on consumer demand, sometimes offering deep discounts or listing products in ways that do not align with official brand communications.

This trend has led to several industry-wide concerns, including:

Unverified product origins – Some Prime Biome sellers source products through unauthorized means, making it difficult for consumers to determine where and how the product was handled before purchase.Potential product substitutions – Some third-party vendors list a product under the Prime Biome name but ship alternative formulations or lookalike substitutes instead.Misleading discount strategies – Some resellers attempt to lure in customers with extremely low prices, which can indicate unverified stock or repackaged items.

While Prime Biome‘s official brand is actively monitoring unauthorized sales, the company emphasizes that consumers should take proactive steps to avoid misleading listings.

How Consumers Can Identify Official Product Sources

Consumers can take several steps to avoid misleading third-party listings and ensure they are purchasing authentic products. It is important to examine product details carefully, checking for inconsistencies in labeling, packaging, or branding that may indicate a non-official version. Prime Biome Pricing should also be reviewed with caution, as significantly lower prices than usual may suggest an unauthorized seller. Verifying the legitimacy of the seller by researching whether they are recognized as an authorized distributor can help prevent confusion. Lastly, consumers are encouraged to confirm product details through official channels to ensure accuracy and authenticity.

Company Response & Consumer Safety Commitment

The official Prime Biome brand has reaffirmed its commitment to consumer safety, product integrity, and transparency. With the increase in unauthorized sales, the company remains focused on educating customers about product authenticity.

“We are committed to making sure that individuals who seek out Prime Biome receive the correct formulation as originally designed. By raising awareness about misleading third-party listings, we hope to prevent unnecessary confusion and ensure a positive customer experience,” the spokesperson added.

Additionally, the company is actively monitoring third-party sales channels and taking steps to minimize unauthorized Prime Biome product listings that could misrepresent the brand.

Final Advisory for Consumers

With misleading third-party listings continuing to appear across various online marketplaces, consumers are encouraged to be diligent in verifying sources before making a purchase. The official Prime Biome brand has issued this advisory to help prevent further confusion and misinformation.

For updates regarding product authenticity and verification measures, consumers can refer to official sources.

Contact:
Bioventra, Inc.
contact@bioventra.com 
(888) 514-1489

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SOURCE Bioventra

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