Emirates Healthcare Group enters into strategic partnership with Alameda
M&A WATCH- UAE-based Emirates Healthcare Group signed a strategic partnership agreement with Egypt’s Alameda Healthcare Group, according to Trade Arabia. “The population of Egypt has reached 91 mn, yet the number of hospital beds available is less than two beds per 1,000 people. With an annual population growth of 2.2%, Egypt desperately needs more hospital beds and improved quality of healthcare services, which this partnership will help provide,” said Khalifa Bin Butti, the Chairman of investment group KBBO, of which Emirates Healthcare Group is part. The terms of the agreement were not clear, but Fahad Khater, currently Alameda’s Chairman, will manage and head the group in Egypt as well as take over the role of vice chairman of Emirates Healthcare Group. Sources had speculated last week that rival UAE-based group NMC Healthcare was in talks to acquire Alameda.