CHG, Al Taaleem sign JV agreement to renovate Al Nahda Hospital in Egypt’s Beni Suef

Cleopatra Hospitals Group (CHG) signed yesterday a joint venture agreement with Al Taaleem Management Services to renovate and operate Al Nahda Hospital in Beni Suef, according to an emailed statement (pdf). The JV will be 90% owned by CHG and the remaining 10% by Al Taaleem — the owner and operator of Nahda University in Beni Suef. CHG is expected to invest EGP 360 mn in renovating the hospital, which will feature five operating theaters and 198 beds once completed. The first phase of operations is expected to begin in 4Q2020.