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Thursday, 15 October 2020

Dar Al Fouad to operate Alexandria-based Elite Hospital

Dar Al Fouad Hospital has signed an MoU to manage and operate Alexandria’s Elite Hospital, according to a statement seen by the press. The agreement will see the high-profile hospital — which is owned by Alameda, one of Egypt’s leading private sector hospital groups — take over management and train Elite’s doctors and staff, as well as allow Elite’s patients to be referred to Cairo for complex operations such as organ transplants and sophisticated heart and vascular surgeries. This is the second management agreement Dar Al Fouad has signed for a facility outside of Cairo, suggesting a trend that established players from the capital are taking healthcare elsewhere through a management services model. A similar agreement with Sohag’s Misr Hospital was inked last March, according to the press.

Advisors: Law firm ALC Alieldean, Weshahi & Partners acted as legal advisors to Dar Al Fouad, sources close to the transaction told Enterprise.

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