Cairo – Mubasher: An Egyptian-Saudi consortium has launched Mena Health Partners (MHP) to pump around EGP 3 billion into establishing four hospitals in the North African nation.
The new company has been founded by an investment consortium of 15 businessmen who are interested in the healthcare sector, in which 75% of them are Egyptians, while Saudi investors make up 25%, Co-founder and CEO Ayman Badr told Almal News.
The MHP is seeking to inaugurate four hospitals in the Arab world's most populous country; namely Katameya Clinic, Katameya Specialty Hospital, October International Hospital, and Well Care, Badr added.
The healthcare firm aims at investing EGP 500 million this year and owning 1,500 beds in the Egyptian market by acquiring several hospitals, targeting a portfolio of up to 15 hospitals by 2020, the CEO indicated.
The MHP is working on finalising its first hospital, Katameya Clinic, by June 2018 to complete the remaining hospitals over the next three years with a total EGP 3 billion in investments, he highlighted.
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