Nahla Arishi, a pediatrician, checks a boy infected with diphtheria at the al-Sadaqa teaching hospital in the southern port city of Aden, Yemen December 18, 2017. Picture taken December 18, 2017. To match Special Report YEMEN-DIPHTHERIA/ REUTERS/Fawaz Sal
CAIRO – 26 February 2018: An Egyptian-Saudi consortium launched the MENA Health Partners Company (MHP) to pump around LE 3 billion ($169.35 million) in establishing 4 hospitals in Egypt, according to Almal newspaper.
The MHP Company was established by an investment consortium of 15 businessmen, with 75 percent Egyptians and a 25 percent Saudis, according to founding partner and executive director of MHP Company Ayman Badr.
Badr added that the company seeks to inaugurate four hospitals in the Egyptian market which are Katameya Clinic, Katameya Specialty, October International, and Well Care, with a total capacity of 355 beds, focusing on medium and high income patients.
The company targets to invest LE 500 million to establish its first hospital Katameya Clinic next June, with a capacity of 85 beds on an area of 9000 square meters, Badr added.
Badr noted that the company aims to own 1500 beds in the local market by acquiring several hospitals to bring the company’s portfolio up to 15 hospitals by 2020.
On December 19, The Egyptian Parliament finally approved the new national health insurance law.
According to the new law, three organizations are responsible for implementing national health insurance, which are the Healthcare Organization, the Quality and Authorization Authority, and the National Health Insurance Organization.
Meanwhile, after approving the new law, new acquisitions appeared on the healthcare surface started by Abraaj Capital which acquired several hospitals including: Cleopatra, Nile Badrawy, Al-Shorouq and Cairo Specialized.