Amanat acquires UK healthcare firm for AED 380M

Cornerstone Healthcare specializes in complex care services.

Amanat Holdings announced that its wholly owned subsidiary, Cambridge Health Group (CHG), acquired a 100% stake in UK-based Cornerstone Healthcare Holdings Limited for a potential total enterprise value of GBP 76 million (approximately AED 380 million).

In a statement, the company said the transaction value includes a deferred consideration of GBP 5 million (AED 25 million), contingent on achieving specified performance targets.

Following customary adjustments for net debt and working capital, the initial purchase consideration stands at GBP 54 million (AED 270 million) and could increase to GBP 59 million (AED 295 million), subject to specified performance targets, the company explained.

Amanat added that the transaction, completed on Oct. 27, 2026, will be equity-funded and does not involve any related parties.

Cornerstone specializes in providing complex healthcare services. The acquisition adds to CHG a specialized business funded by the UK's National Health Service (NHS) and local authorities, operating in an undersupplied, high-demand segment with growth and expansion potential.

The transaction also extends the group's operations into the UK and complements CHG's existing post-acute care business, without changing the group's core activities or affecting Amanat's shareholders' equity or share capital.

Amanat expects the acquisition to positively impact its financial results starting in 2027. The acquired company's financial position and operating results will be consolidated into CHG's and Amanat's financial statements from the acquisition date.

The company identified the sellers as funds managed by Ignite Growth LLP, a private equity investment firm specializing in the UK market.

Amanat Holdings PJSC (AMANAT) – acquisition deal