BHI is eyeing another fertility center in Egypt

B Healthcare Investments (BHI) is reportedly looking to buy another fertility center here. The specialized healthcare arm of EGX-listed private equity firm B Investments Holding has reached the final stages of acquiring one of the country’s largest fertility centers and expects to close within a month, Al Borsa reports, citing unnamed sources. Neither the size of the transaction nor the name of the target was disclosed.

REMEMBER- BHI bought a 51% stake in the Egyptian IVF Center — the first facility of its kind here — back in 2022. In August of last year, BHI was said to be closing in on two IVF and reproductive health hospitals, one in Egypt and one in Saudi Arabia, funded by a capital increase that brought CIB, Al Baraka Bank Egypt, Misr Ins., and Misr Life Ins. into the shareholder base. The Competition Authority cleared CIB for 25%, Al Baraka for 5%, and the two insurers for 20% later that month. B Investments sat out an EGP 387 mn tranche in January to make room for them, taking its own stake down to 25%, which means the firepower for an acquisition may already be in place.

With an eye on regional expansion: BHI is also studying stakes in — or outright buys of — hospitals and reproductive health centers in the UAE and Saudi, the sources said, with the stated aim of knitting the Egyptian and foreign assets into one regional platform. Ophthalmology and dentistry are also on the long list.

Heritage on show

Cairo Governorate is set to launch trial operations for the Restoring the Spirit of Cairo 30 program in the Magra El Oyoun area and in Old Cairo on Thursday, ahead of a formal opening the following week, a government official tells EnterpriseAM. The project aims to reposition the area as a tourism and cultural destination through regular heritage crafts and performing arts events. The initial phase includes a roughly 1k-sqm performance space and tour buses near the 57357 Hospital. The governorate plans to later lease space to artisans and vendors and host private events, aiming to increase tourism revenues and draw investment into the area.

BACKGROUND- The Magra El Oyoun redevelopment forms part of the wider Historic Cairo regeneration drive, which also includes the 500-feddan Fustat Park project and is intended to create private-sector prospects in the operation and management of restored heritage sites.

A month’s detention

The Financial Regulatory Authority (FRA) referred an unnamed consumer-finance company to the public prosecution and banned it from signing new financing contracts for one month over the Global Paradigm School loans scandal, the FRA said in a statement. The action follows allegations that the school used parents’ national ID data to arrange unauthorized loans, which the FRA previously said totaled EGP 319 mn across 619 clients and 839 contracts. The regulator said it has canceled all financial and credit obligations linked to affected parents. The measures are separate from the public prosecution’s parallel investigation.

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