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Egypt

 

Egypt’s largest hospital group expands

Alameda claims to be Egypt’s largest private hospital group with three facilities with total capacity of 670 beds. The family owned group, in which the IFC has a stake, has plans to work with an insurer and open a nursing college. We talk to chairman Fahad Khater.

IDH soars to $900m after London IPO

Shares in the Egyptian lab group Integrated Diagnostic Holdings (IDH) have rocketed 35% to $6 per share in the two weeks since its IPO in London. The IPO at the very top of its indicative price range, valued IDH at 13.8 times 2014 EBITDA. It is now worth over $900m – a historic EBITDA multiple of 17.

Report: Huge investor interest at Healthcare Europa 2015

Click here to see all the presentations from Healthcare Europa 2015 How is the private healthcare services sector in Europe and beyond changing? Healthcare Europa 2015 provided a snapshot of the sector. We report. The fifth Healthcare Europa conference saw delegate numbers double to 430 with streams for acute, dentistry, elderly care and diagnostics in […]

Labco’s failure to IPO may impact Synlab process

Labco pulled its IPO earlier this month, blaming market volatility. We are told there was a lack of appetite from institutional investors. The failure is likely to affect Synlab, which is going into a process 1B.

Report: Successful business models in emerging markets

The IFC conference was brim full of confident operators who, despite all the obstacles, are making money and seeing huge growth in private healthcare in Emerging Markets. We report on the new business models.

Hassab plans Pan-African lab chain

Seha Capital-backed Hassab Labs, the third largest Egyptian lab chain with 38 labs has signed a deal with Moroccan insurer Saham. So far it has set up two labs in Morocco and the plan is to add another three this year. Expect other countries to follow soon.

Warburg Pincus sells stake in Metropolis

Warburg Pincus has sold its 27% stake in Metropolis, the third largest Indian diagnostic lab chain, to the Shah family who run the business. Metropolis is also active in a half a dozen African countries and the UAE.

Report: The investor landscape in the Emerging Markets

Here we name and categorise the major investors in private healthcare services in the Developing World and get their view on the opportunities and problems they face. Developing World healthcare services have suddenly become wildly popular. New listed investment vehicles, such as GCC-based Amanat and Asian Healthcare Group in Malaysia have raised hundreds of millions of dollars with the promise of investing in healthcare services. Meanwhile, established private equity houses are launching funds worth up to $1bn and large healthcare services operators from Indonesia to Egypt are carrying out heavily oversubscribed IPOs on very high multiples.

Egyptian lab IPO likely in April or May

Expect Integrated Diagnostic Holdings to IPO on the London and Egyptian stock markets in April or May. The IPO was delayed from February 2015. We look at why.

Interview: Patrick Gontard, CEO, Citilab, CEO and Founder, Gontard & Cie

Total cost of ownership (TCO) models have increased EBITDA margins by 10-15 percentage points in the lab sector and can be used in any area of healthcare, says Gontard. A Swiss economist, he has perfected his model over 15 years, working first for Viollier, the second largest Swiss lab group, then at Integrated Diagnostics in Egypt and now at Citilab probably the second largest lab group in Russia. Gontard is speaking on TCO at Healthcare Europa 2015 on April 28 in London.

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