{"id":546126,"date":"2022-04-28T03:57:25","date_gmt":"2022-04-28T03:57:25","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/28\/one-of-cleopatra-hospitals-east-cairo-projects-falls-through-another-lives-on\/"},"modified":"2022-04-28T03:57:25","modified_gmt":"2022-04-28T03:57:25","slug":"one-of-cleopatra-hospitals-east-cairo-projects-falls-through-another-lives-on","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/28\/one-of-cleopatra-hospitals-east-cairo-projects-falls-through-another-lives-on\/","title":{"rendered":"One of Cleopatra Hospital\u2019s East Cairo projects falls through. Another lives on"},"content":{"rendered":"

<\/a> Cleopatra Hospitals cancels plans for 400-bed medical facility:<\/strong> Cleopatra Hospitals Group (CHG) will not be moving forward with its brownfield project in East Cairo, the company announced in a regulatory filing (pdf)<\/a> on Tuesday. The company called off the investment after conditions precedent were not met, Hassan Fikry, CHG\u2019s executive director of strategy and business operations, told Enterprise, without disclosing further details.The EGX-listed healthcare group had signed an agreement to acquire the property from an undisclosed seller in October<\/a> and planned to develop it into a 400-bed medical facility.<\/p>\n

Cleopatra still has a major ongoing project in the same area of Cairo:<\/strong> The group will develop and operate Sky Hospital, a 200-bed brownfield general hospital in East Cairo\u2019s Fifth Settlement area for a 27-year period, under a partnership agreement with three state-run petroleum companies that will continue to own the property. Operations are expected to start in late 2023, according to the company\u2019s latest earnings release (pdf)<\/a>.<\/p>\n

REMINDER- CLHO recently reported record <\/strong>quarterly revenues<\/a><\/strong>, posting an EGP 648.7 mn top line in the fourth quarter of last year.<\/p>\n","protected":false},"excerpt":{"rendered":"

Cleopatra Hospitals cancels plans for 400-bed medical facility: Cleopatra Hospitals Group (CHG) will not be moving forward with its brownfield project in East Cairo, the company announced in a regulatory filing (pdf) on Tuesday. The company called off the investment after conditions precedent were not met, Hassan Fikry, CHG\u2019s executive director of strategy and business […]<\/p>\n","protected":false},"author":1,"featured_media":546127,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7410],"tags":[192,72,7115],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-546126","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-healthcare","tag-cleopatra-hospitals-group","tag-enterpriseam","tag-healthcare","wpautop","entry"],"acf":{"mongo_id":"44fe0544-5629-4a48-8d3f-8ccf98267ac3","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/4\/397.jpg","photo_position":"above","related_issue":[546112],"teaser":"","voice_url":""},"yoast_head":"\nOne of Cleopatra Hospital\u2019s East Cairo projects falls through. 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The disclosure did not specify how much Cleopatra is paying for the facility. The EGX-listed healthcare group had signed the agreement with an undisclosed seller\u2026","rel":"","context":"In "Healthcare"","block_context":{"text":"Healthcare","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/healthcare\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/10\/287.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":553865,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/12\/ci-capitals-cleopatra-bid-gets-regulatory-approval\/","url_meta":{"origin":546126,"position":1},"title":"CI Capital\u2019s Cleopatra bid gets regulatory approval","author":"enterpriseam admin","date":"12 December 2021","format":false,"excerpt":"CI Capital\u2019s bid to acquire 26.2% of Cleopatra Hospitals Group has received the greenlight from the Financial Regulatory Authority (FRA), the regulator said in a statement (pdf) to the EGX on Thursday. MCI Capital Healthcare Partners, the CI Capital subsidiary that\u2019s executing the acquisition, submitted a voluntary tender offer last\u2026","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/293.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":604513,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/05\/earnings-watch-cleopatra-hospitals-group-reports-3q2018-results\/","url_meta":{"origin":546126,"position":2},"title":"Earnings watch: Cleopatra Hospitals Group reports 3Q2018 results","author":"enterpriseam admin","date":"5 December 2018","format":false,"excerpt":"EARNINGS WATCH- Cleopatra Hospitals Group reported a 186% y-o-y increase in net profit to EGP 91.6 mn in 3Q2018 from EGP 32 mn in 3Q2017, according to the company\u2019s earnings release (pdf). Revenues for the quarter stood at EGP 388.3 mn, up 32% y-o-y from EGP 293.2 mn in the\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":599544,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/02\/cleopatra-hospitals-to-sign-50-bed-hospital-lease-agreement\/","url_meta":{"origin":546126,"position":3},"title":"Cleopatra Hospitals to sign 50-bed hospital lease agreement","author":"enterpriseam admin","date":"2 January 2019","format":false,"excerpt":"Cleopatra Hospitals Group (CHG) is planning to sign a long-term lease agreement for a 50-bed East Cairo hospital by February, according to a statement (pdf). The hospital, which is located near Cleopatra Hospital, is expected to \u201cserve excess demand\u201d for Cleopatra\u2019s services. The leasing agreement will bring CHG\u2019s total number\u2026","rel":"","context":"In "Health + Education"","block_context":{"text":"Health + Education","link":"https:\/\/enterpriseam.com\/egypt\/category\/health-education\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":555645,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/22\/cleopatra-hospitals-posts-another-strong-earnings-showing\/","url_meta":{"origin":546126,"position":4},"title":"Cleopatra Hospitals posts another strong earnings showing","author":"enterpriseam admin","date":"22 November 2021","format":false,"excerpt":"Cleopatra Hospitals Group (CHG) sees sustained growth in 3Q2021: Cleopatra Hospitals Group\u2019s (CHG) net earnings grew 8% y-o-y to EGP 86.1 mn in 3Q2021, according to the company\u2019s latest earnings release (pdf). This came on the back of 16% growth in revenues to EGP 623.8 mn.On a nine-month basis: CHG\u2019s\u2026","rel":"","context":"In "Earnings"","block_context":{"text":"Earnings","link":"https:\/\/enterpriseam.com\/egypt\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":556517,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/28\/bidding-war-for-alex-medical-cooling-off\/","url_meta":{"origin":546126,"position":5},"title":"Bidding war for Alex Medical cooling off?","author":"enterpriseam admin","date":"28 October 2021","format":false,"excerpt":"The bidding war for Alex Medical appears to be cooling down, with Alexandria Medical Investment subsidiary TAT Medical Service being the latest to pull its offer to acquire up to 100% of Alex Medical Services, according to a Financial Regulatory Authority statement (pdf). The company notified the regulator yesterday, according\u2026","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/10\/307.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/546126","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=546126"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/546126\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/546112"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/546127"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=546126"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=546126"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=546126"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=546126"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=546126"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}