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Alex New Medical Center receives 3 acquisition offers

Alex New Medical Center receives 3 acquisition offers

ArabFinance: Cleopatra Hospital Company (CHG), Tawasol Group Holding, and a consortium of Tana Capital Group and Mabaret Al Asafra Hospitals each submitted an offer to acquire Abu Dhabi Commercial Bank’s (ADCB) stake in  Alexandria New Medical Center (Alex NMC), Al Mal news said.

In March, ADCB decided to exit by selling a majority stake of 51% in Alex NMC.

On April 11th, Speed Medical’s subsidiary Speed Hospitals signed an agreement with LimeVest Fund and the Elaj Group’s subsidiary Tawasol as financial advisors for the company's acquisition offer to Alex NMC.

Alex NMC is an Egypt-based public shareholding company engaged in the provision of medical diagnostic and treatment services in various medical fields.

The company focuses on the operation of a hospital, which consists of a range of medical specializations, including gynaecology, general surgery, and paediatrics, among others.


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