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Cleopatra Hospital to acquire majority Stake in One of largest IVF fertility centres

Cleopatra Hospital to acquire majority Stake in One of largest IVF fertility centres

ArabFinance: Cleopatra Hospital Group S.A.E. (CLHO), Egypt’s largest private hospital group by number of hospital beds and number of operating hospitals, has announced it has entered into an exclusive agreement to acquire a majority stake in one of Egypt’s largest In Vitro Fertilization (IVF) centres in Cairo, subject to the successful completion of the required due diligence process and relevant documentation.

The transaction, which the Group expects to conclude by late 2019, will see CHG venture into a new, fast growing and high margin segment which will further strengthen its service offering.

The target acquisition currently offers an extensive list of services including obstetrics, gynaecology, infertility, andrology, erectile dysfunction, dermatology, reproductive health and laser treatments, nutrition and health coaching, fetal medicine, psychology, and family health services.

“The acquisition not only sees CHG further strengthen its service offering in line with our expansion strategy, but sees us venture into a new, fast-growing and high margin segment reinforcing our position as leaders in the Egyptian healthcare sector. Acquiring one of Egypt’s leading fertility clinics with an established track record of high-quality service delivery, will enable CHG to roll-out market-leading IVF services across our entire network of hospitals in the coming period,” said Cleopatra Hospitals Group CEO Dr. Ahmed Ezzeldin.

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