Speed Medical to invest EGP 25 mn in 14 new labs in Canal governorates

Speed Medical is planning to invest EGP 25 mn to set up 14 new labs in Canal governorates and Damietta, company Chairman Mahmoud Lasheen said, without clarifying the planned timeline for the investment. The company is focusing on these governorates since the rollout of the Universal Healthcare Act will begin there, Lasheen said. The project is likely part of a wider company plan to invest EGP 67 mn to open 43 new labs by the end of 2Q2019.