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Wednesday, 6 November 2019

Egypt’s Cleopatra Group finalizes El Katib Hospital acquisition

M&A WATCH- Cleopatra finalizes El Katib Hospital acquisition: Cleopatra Hospitals Group (CHG) has finalized its full acquisition of El Katib Hospital in Dokki after signing the business transfer agreement, according to a company statement (pdf). CHG will take over El Katib Hospital’s daily operations as of today, and had already acquired the hospital’s real estate assets in December 2018. The acquisition has added 100 beds to CHG’s in-patient capacity, the company said in its annual report earlier this year. The move will also see Cleopatra inaugurate a urology center at the hospital.

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