€300m-plus IPO for Middle East’s largest imaging platform planned

Africa-focused private equity firm Meditterania Capital Partners intends to triple the EBITDA of its recently-formed imaging platform Ray Lab which spans Egypt, Jordan and Saudi Arabia before exiting, preferably by IPO, in a few years' time, partner Daniel Viñas tells HBI. He discusses the specifics of the deal, merging Ray Lab's two businesses, and how its markets are evolving.

IDH to start mining lab data

Pan-African lab company Integrated Diagnostic Holdings (IDH) will soon start mining its database of 13m patients through a new subsidiary with the ultimate aim of layering extra services on top.

Insurance scheme launches in Egypt

Egypt has launched its long-awaited universal insurance scheme, giving citizens the freedom to choose between public and private providers. Coverage is being phased in piecemeal. One GCC-based healthcare group has already committed to building two more hospitals in the country.

“For-profit operators are key to UHC” says report

Universal Health Coverage is one of the UN's Sustainable Development Goals and it's expected to be completed by 2030. But a newly released report argues that a lack of PPPs is stalling that goal. Healthcare Nova looks at the key findings...

Egyptian regulator blocks consolidation efforts by Abraaj-owned group

The Financial Regulatory Authority of Egypt has dismissed Cleopatra Hospital Co’s offer to acquire competitor Nozha International Hospital. Local contacts tell us it might be related to a sharp fall in the target's share price in the few months prior to the takeover bid.

Medical tourists “will return to Egypt”

Dr Ismail Aboul Foutouh, the CEO and founder of IVF centre Bedaya Hospital, gives Healthcare Nova an overview of the biggest IVF provider sector the Middle East and says why he believes there will be a revival of medical tourism in the country.

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