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Sunday, 3 July 2016

Parliament’s Health Committee to ask health ministry to allow private sector management of hospitals in return for portion of profits

The House of Representatives’ health committee plans to submit a request to the health ministry to allow the private sector to participate in the management of hospitals in exchange for a portion of the profits, unnamed sources told Al Borsa on Saturday. They added this would be a collaboration in terms of administration only and not ownership, with the private sector likely only allowed to receive profits of a maximum of 49%. The health ministry is also set to submit a plan to develop 460 Takamol hospitals to the parliament’s health committee on 17July. It had been previously reported the government has surveyed 75 hospitals suitable for investment to the private sector through partnerships, with the average upgrading cost of one hospital at a minimum of EGP 30 mn, however, the sources said this figure is highly overestimated.

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