Alameda Healthcare earmarks USD 245 mn for local, regional expansion: Local healthcare services provider Alameda Healthcare will invest some USD 245 mn to expand its footprint in Egypt and across the region, through setting up new hospitals, acquiring existing ones or expanding its own hospitals, CEO Neeraj Mishra told Al Arabiya on the sidelines of the African Health ExCon in Cairo.

LOCALLY-

Alameda will spend some USD 125 mn to expand locally, adding some 600 beds to its portfolio in Egypt — namely Greater Cairo and Assiut — Mishra said.

A couple of new hospitals in the making: The firm has set up an EGP 1 bn hospital in Giza with the capacity to hold 200 beds and will start working on equipping and furnishing it early next year. It will also set up an EGP 2 bn, 150-bed hospital in Assiut, scheduled to open its doors in 2027.

And expanding already existing hospitals: The healthcare provider wants to add its Dar Al Fouad Hospitals’ capacity, with plans to invest EGP 700 mn to add 80 beds to its Sixth of October branch and 32 beds to its Nasr City branch.

Also in the pipeline: Alameda will establish seven new clinics scattered across the country’s governorates, including Greater Cairo, Assiut, and Mansoura, Mishra said.

AND- The latest on Alameda’s new capital hospital: The hospital should start operations by the end of 2026 or early 2027, Mishra said, adding that the firm now expects to invest EGP 2 bn to operate and manage the 300-bed hospital in the new capital.

Remember: The healthcare giant inked the agreement to operate and manage the new administrative capital’s “first and largest” hospital back in 2021.

REGIONALLY-

The healthcare provider plans to invest USD 120 mn over the coming two years to acquire and run hospitals and “healthcare assets” in Nigeria, Kenya, Tanzania, and Saudi Arabia, Mishra said.

Tags: