Pure Health LLC signed a definitive agreement to acquire Circle Health Group Limited from Centene Corporation (NYSE:CNC) for an enterprise value of approximately $1.2 billion on August 28, 2023. The enterprise value is approximately $1.2 billion, inclusive of debt assumed. The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to close in the first quarter of 2024. Barclays is serving as financial advisor to Centene, and Dickson Minto is serving as its legal counsel. BofA Securities, Inc. acted as financial advisor to Pure Health LLC. Braeden Donnelly, Simon Rahimzada, Michel Sheng and Joshua Cole, Neil Cunninghame, Simon Swann, Mark Spinney, Bradley Rice, Rhiannon Webster, Sunny Kumar, Eleanor Reeves, Henry Moss, John Gordo and Briony Holcombe of Ashurst LLP and Ashurst, Dubai acted as legal advisor to Pure Health LLC.

Pure Health LLC completed the acquisition of Circle Health Group Limited from Centene Corporation (NYSE:CNC) for approximately $930 million on January 12, 2024. As reported, Centene Corporation completed the divestiture for cash consideration of $931 million. The transaction has already achieved regulatory approvals in record time.