Cleopatra Hospitals Group outlines case for acquisition of El Nozha Int’l: Cleopatra Hosptials Group, one of Egypt’s largest private-sector hospital operators, gave more colour on its bid for El Nozha International Hospital in a release issued Thursday (pdf). “El Nozha is exactly the type of accretive acquisition we are seeking: A physician-founded and physician-led facility with a reputation for excellence and a deep commitment to quality patient outcomes across a variety of specialties,” said CHG CEO Dr. Ahmed Ezzeldin. “El Nozha benefits from a strong management team and CHG is committed to fund El Nozha’s substantial planned capital expenditure program for the existing facility including planned future capacity expansions and equipment upgrades to improve quality of medical services and patient access.” CHG said it sees “multiple avenues to extract favorable synergies of a local nature, including doctor scheduling, tiered insurance packages, medical CAPEX, revenue and cost synergies.” EFG Hermes and Matouk Bassiouny are advising Cleopatra on the transaction.

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