CHG to acquire one of Egypt’s largest IVF centers

M&A WATCH- Cleopatra to acquire one of Egypt’s largest IVF centers: Cleopatra Hospitals Group (CHG) has entered into an agreement to acquire a majority stake in one of Egypt’s largest IVF centers, according to a press release (pdf). CHG did not provide the name of the target company or the size of the stake, but said that it expects to close the transaction later this year. “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,” Cleopatra CEO Ahmed Ezzeldin said.