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Tuesday, 28 July 2020

Cleopatra Group negotiating 60% stake in Bedaya Hospital

M&A WATCH- Cleopatra eyes majority stake in fertility-specialist Bedaya Hospital: Cleopatra Hospital Group is in late-stage negotiations to buy a 60% stake in Bedaya Hospital, which specializes in fertility and IVF treatments, the local press reports, citing unnamed sources. The sources did not provide details on the value of the transaction, but said the two sides have reached an agreement on the financials. Bedaya Hospital owner Ismail Aboul Fotouh will retain his holding of the remaining 40% stake and will continue to manage the hospital once the transaction is completed.

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