Cleopatra Hospital Group has earmarked EGP 1 bn for acquisitions that will bring its capacity up to 1,000 beds: The Cleopatra Hospital Group is planning to invest up to EGP 1 bn to bring its total capacity up to 1,000 beds in the coming period, CEO Ahmed Ezz El Din tells Al Mal. The Group is currently in talks to add 365 new beds through the acquisition of hospitals in different locations, including one in West Cairo and another in Beni Suef, he added, declining to get into further specifics. Cleo had filed last month for a EGP 700 mn capital increase to support its acquisition of a 150-bed hospital for EGP 580 mn, for which due diligence is currently ongoing, according to Ezz El Din.

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