Alameda Healthcare Group and Siemens Healthineers forge transformative 7-year partnership to elevate Egyptian healthcare zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.
Forbes Middle East has unveiled its first ranking of the region's Top 50 Healthcare Leaders, featuring the innovation-driven pioneers of the Middle East
It made the disclosure in a filing to the Egyptian Stock Exchange on Monday.
The proposed deal was originally announced by Cleopatra in late December 2020, with an estimated value of about $500 million.
But it was quickly followed by an announcement from the Egyptian Competition Authority saying that it did not agree in principle to the acquisition.
It highlighted the potential consolidation of Cleopatra’s dominance over hospitals around Cairo and Giza.
Alameda Healthcare’s network includes four tertiary care hospitals in Cairo, two of which are currently being constructed. Once the facilities are fully commissioned Alameda Healthcare will have a capacity of 890 beds, according to its website. The network also includes facilities in Kuwait and London, outpatient clinics, diagnostic centers, specialist centers, pharmacies, and a rehabilitation center.
Homelessness was growing in the Tri-Valley well before last year, but the COVID-19 pandemic has also created a more cohesive safety net for the region's most vulnerable.