Morocco’s largest hospital group’s share price tanks after successful IPO

Africa-focused private equity firm Mediterrania Capital Partners has made a successful exit from Akdital, Morocco's largest for-profit hospital group, with the biggest IPO on the Casablanca Stock Exchange since 2008. But despite being heavily over-subscribed, the share price has since fallen by 9%.

Orange and AXA buy pan-African digital health player

Telecoms giant Orange and insurer AXA will become majority shareholders of the appointment booking and telehealth platform DabaDoc, which operates mostly in Morocco, Tunisia and Algeria. It has intentions to expand across Sub-Saharan Africa.

Akdital plans pre-IPO expansion

Morocco's largest hospital group Akdital Holding is expanding nationwide ahead of its plans to file for IPO. The group is going public to finance its international expansion.

Payor reforms loom in GCC as COVID/expat exodus bites

Payors are maturing and providers are suffering from the double whammy of COVID and a declining expat population, said panellists at HBI's State of the Regions webinar on Middle East & North Africa (MENA). Other topics including hedging risk, public sector reform and how global trends are manifesting in the region.

Elsan buys third Moroccan hospital and talks strategy

French hospital group Elsan has acquired its third hospital in Morocco. Head of international development Emile Dinet talks HBI through its strategy in Africa's fifth-largest economy, which only recently allowed institutional investment into its health sector.

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