Egypt’s Alameda merges with Emirates Healthcare
ABU DHABI, January 3, 2018
In a significant development for health care in the region, Egypt’s Alameda Healthcare Group has merged with UAE-based Emirates Healthcare Group in a 60/40 equity swap.
Alameda Healthcare Group has the largest healthcare footprint in Egypt with a total of 860 beds, including both the Dar El Fouad Hospital and As Salam International Hospital, in addition to a chain of labs, tabibi 24/7 and GIT stand-alone units.
Emirates Healthcare Group, a leading global healthcare provider, is a part of the Abu Dhabi-based investment group KBBO.
Khalifa Bin Butti, Chairman of KBBO Group, hailed the partnership as a significant development for healthcare in Egypt and the region.
“Our expansion in Egypt comes from our strong belief in the development and prosperity of the Egyptian market, and the progress that Egypt is making in all areas as a nation,” Khalifa added.
“We’re excited to establish an extensive presence in the vibrant Egyptian market. It’s an important addition to our global healthcare network, further extending the reach of the highest standard patient care we provide globally to around eight million patient each year.”
Khalifa also noted the serious need for additional healthcare in Egypt. “The population of Egypt has reached 91 million, yet the number of hospital beds available is less than two beds per 1,000 people. With an annual population growth of 2.2 per cent, Egypt desperately needs more hospital beds and improved quality of healthcare services, which this partnership will help provide.”
Dr Fahad Khater, who will manage and head the group in Egypt as chairman from Alameda Healthcare in addition to his role as vice chairman of Emirates Healthcare Group, said the merger will have a tremendous impact on both the quality and accessibility of healthcare in Egypt.
The partnership adds to Emirates Healthcare Group’s vast portfolio of healthcare services that includes hospitals and clinics located across the UAE and internationally, such NMC Healthcare, Emirates Hospitals and CosmeSurge. - TradeArabia News Service
