Back to the complete issue
Wednesday, 15 August 2018

IDH to launch new Egyptian radiology business under Al Borg brand name

IDH to launch new Egyptian radiology business under Al Borg brand name: The London-listed Integrated Diagnostics Holdings (IDH) is launching a new radiology business in Egypt under the Al Borg brand name as part of plans to develop into a “one-stop shop diagnostics service provider,” the company announced in a press release yesterday (pdf). The company’s new facilities, Al Borg Scan, will be led by some of the country’s top radiologists and offer the complete range of radiology services using state-of-the-art equipment supplied by brands including GE Healthcare, Siemens, Hitachi, and Fujifilm.

Around 70% of the project’s costs are being covered by a EGP 130.5 mn, eight-year loan to Al Borg from Ahli United Bank, with operating cash flows covering the balance. "Our market in Egypt is growing in the double digits, and so is our top line,” said IDH CEO Hend El Sherbini. “Our expectation is that our pathology business will deliver new patients to our radiology business and that, in the fullness of time, having both services under one roof will also drive growth in our pathology test volumes.” IDH grew its top line 29% y-o-y in 1Q2018.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.