{"id":565020,"date":"2021-03-14T13:40:46","date_gmt":"2021-03-14T13:40:46","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/14\/on-your-marks\/"},"modified":"2021-03-14T13:40:46","modified_gmt":"2021-03-14T13:40:46","slug":"on-your-marks","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/14\/on-your-marks\/","title":{"rendered":"On your marks..."},"content":{"rendered":"

<\/a> Race for Alex Medical to heat up later this month: <\/strong>A consortium of Mabaret Al Asafra<\/a>Hospitals<\/a> and investment firm Tana Africa Capital<\/a> will submit an offer to acquire 100% of Alexandria Medical Services before the end of March, intensifying the race for the healthcare player, Al Mal<\/a> reports, citing sources close to the transaction. Tana Africa, which holds a minority stake in Mabaret Al Asafra, plans to cover a \u201cbig part\u201d of the transaction and is also mulling loans from local banks, the sources said. Mabaret Al Asafra\u2019s board is due to sit down in the coming days to hash out the final details of the bid, they added.Tana and Mabaret Al Asafra first lodged interest in Alex Medical back in January<\/a>, reportedly reaching out to the Abu Dhabi Commercial Bank (ADCB) which acquired its 51.5% stake. Neither Mabaret Al Asafra nor Tana Capital were available to comment on the story.<\/p>\n

B<\/strong>idding war heating up? <\/strong>A consortium made of Saudi\u2019s Tawasol Holdings and Speed Medical subsidiary Speed Hospitals Company is also looking to acquire the firm<\/a>. Tawasol \u2014 already a 26% shareholder of Alex Medical \u2014 is eyeing the remaining 74% stake in the company and will reportedly offer to purchase the shares at EGP 38.09 apiece. The two could potentially be joined by an unnamed local healthcare investor, sources said earlier this month. ADCB confirmed last week<\/a> that it\u2019s looking to offload its entire stake and tapped CI Capital as its sell-side advisor.<\/p>\n","protected":false},"excerpt":{"rendered":"

Race for Alex Medical to heat up later this month: A consortium of Mabaret Al AsafraHospitals and investment firm Tana Africa Capital will submit an offer to acquire 100% of Alexandria Medical Services before the end of March, intensifying the race for the healthcare player, Al Mal reports, citing sources close to the transaction. Tana […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[10045],"tags":[2336,633,7115,7128,3676,551,3675,2335],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-565020","post","type-post","status-publish","format-standard","hentry","category-speed-round-ma-watch","tag-alexandria-medical-services","tag-enterprisepm","tag-healthcare","tag-ma-watch","tag-mabaret-al-asafra-hospitals","tag-speed-medical","tag-tana-africa-capital","tag-tawasol-holdings","wpautop","entry"],"acf":{"mongo_id":"32464677-86e4-46cf-8bd1-d46f985c44a4","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[565013],"teaser":"","voice_url":""},"yoast_head":"\nOn your marks... - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/14\/on-your-marks\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"On your marks...\" \/>\n<meta property=\"og:description\" content=\"Race for Alex Medical to heat up later this month: A consortium of Mabaret Al AsafraHospitals and investment firm Tana Africa Capital will submit an offer to acquire 100% of Alexandria Medical Services before the end of March, intensifying the race for the healthcare player, Al Mal reports, citing sources close to the transaction. Tana […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/14\/on-your-marks\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-14T13:40:46+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/14\/on-your-marks\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/14\/on-your-marks\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"On your marks...\",\"datePublished\":\"2021-03-14T13:40:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/14\/on-your-marks\/\"},\"wordCount\":246,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Alexandria Medical Services\",\"EnterprisePM\",\"healthcare\",\"M&A Watch\",\"Mabaret Al Asafra Hospitals\",\"Speed Medical\",\"Tana Africa Capital\",\"Tawasol Holdings\"],\"articleSection\":[\"SPEED ROUND: M&A WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/14\/on-your-marks\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/14\/on-your-marks\/\",\"name\":\"On your marks... - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2021-03-14T13:40:46+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/14\/on-your-marks\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/14\/on-your-marks\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/14\/on-your-marks\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"On your marks…\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"On your marks... - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/14\/on-your-marks\/","og_locale":"en_US","og_type":"article","og_title":"On your marks...","og_description":"Race for Alex Medical to heat up later this month: A consortium of Mabaret Al AsafraHospitals and investment firm Tana Africa Capital will submit an offer to acquire 100% of Alexandria Medical Services before the end of March, intensifying the race for the healthcare player, Al Mal reports, citing sources close to the transaction. Tana […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/14\/on-your-marks\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2021-03-14T13:40:46+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/14\/on-your-marks\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/14\/on-your-marks\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"On your marks...","datePublished":"2021-03-14T13:40:46+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/14\/on-your-marks\/"},"wordCount":246,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["Alexandria Medical Services","EnterprisePM","healthcare","M&A Watch","Mabaret Al Asafra Hospitals","Speed Medical","Tana Africa Capital","Tawasol Holdings"],"articleSection":["SPEED ROUND: M&A WATCH"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/14\/on-your-marks\/","url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/14\/on-your-marks\/","name":"On your marks... - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2021-03-14T13:40:46+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/14\/on-your-marks\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2021\/03\/14\/on-your-marks\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/14\/on-your-marks\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"On your marks…"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":571523,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/14\/south-africas-tana-capital-is-looking-to-acquire-a-25-stake-in-mabaret-al-asafra-hospitals\/","url_meta":{"origin":565020,"position":0},"title":"South Africa\u2019s Tana Capital is looking to acquire a 25% stake in Mabaret Al Asafra Hospitals","author":"enterpriseam admin","date":"14 May 2020","format":false,"excerpt":"M&A WATCH- South Africa\u2019s Tana Capital eyes stake in Mabaret Al Asafra Hospitals: South African investment firm Tana Africa Capital has submitted an offer to purchase a 25% stake in Mabaret Al Asafra Hospital Group, sources close to the negotiations told the local press. Talks have been ongoing between 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":565509,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/13\/its-official-chg-wants-alex-medical\/","url_meta":{"origin":565020,"position":1},"title":"It\u2019s official: CHG wants Alex Medical","author":"enterpriseam admin","date":"13 April 2021","format":false,"excerpt":"Cleopatra Hospitals has confirmed it\u2019s in the race for a stake in Alex Medical: EGX-listed Cleopatra Hospitals Group (CHG) has submitted a non-binding letter of intent to acquire Abu Dhabi Commercial Bank\u2019s (ADCB) 51.5% stake in Alexandria Medical Services, it said in a regulatory filing (pdf) this morning. CHG submitted\u2026","rel":"","context":"In "SPEED ROUND:M&A WATCH"","block_context":{"text":"SPEED ROUND:M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-roundma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":561539,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/12\/red-hot\/","url_meta":{"origin":565020,"position":2},"title":"Red hot","author":"enterpriseam admin","date":"12 April 2021","format":false,"excerpt":"The bidding war for Alexandria Medical looks to be heating. EGX-listed Cleopatra Hospitals Group (CHG) is now reportedly throwing its hat in the ring for Abu Dhabi Commercial Bank\u2019s (ADCB) 51.5% stake in Alexandria Medical Services, Al Mal reports, citing unnamed sources it says have direct knowledge of the transaction.\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\/4\/112.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":571770,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/31\/south-africas-tana-capital-acquires-minority-stake-in-alexandria-medical-investment-company\/","url_meta":{"origin":565020,"position":3},"title":"South Africa\u2019s Tana Capital acquires minority stake in Alexandria Medical Investment Company","author":"enterpriseam admin","date":"31 May 2020","format":false,"excerpt":"M&A WATCH- South Africa\u2019s Tana Capital acquires minority stake in Alexandria Medical Investment Co: South African investment firm Tana Africa Capital has purchased a stake in Alexandria Medical Investment Company, the majority shareholder of Mabaret Al Asafra Hospitals Group, according to the local press. The acquisition \u2014 the size and\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":559480,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/24\/another-healthcare-ma-in-the-offing\/","url_meta":{"origin":565020,"position":4},"title":"Another healthcare M&A in the offing?","author":"enterpriseam admin","date":"24 January 2021","format":false,"excerpt":"Alexandria Medical Services may be up for grabs again: A consortium made up of MabaretAl AsafraHospitals and Africa-focused investment firm Tana Africa Capital have reportedly made overtures to acquire Abu Dhabi Commercial Bank\u2019s (ADCB) 51.5% stake in Alexandria Medical Services, Al Mal reported, citing sources close to the matter.This is\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\/1\/280.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":565627,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/20\/its-official-4-investors-are-in-the-bidding-war-for-alex-medical\/","url_meta":{"origin":565020,"position":5},"title":"It\u2019s official: 4 investors are in the bidding war for Alex Medical","author":"enterpriseam admin","date":"20 April 2021","format":false,"excerpt":"Healthcare investment firm Seha Capital is the latest to throw its hat in the ring for Alexandria Medical Services as Abu Dhabi Commercial Bank(ADCB) looks to offload its 51.54% stake, Alex Medical said in an EGX disclosure (pdf).The company is now officially being courted by four bidders: EGX-listed Cleopatra Hospitals\u2026","rel":"","context":"In "SPEED ROUND: M&A WATCH"","block_context":{"text":"SPEED ROUND: M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/565020","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=565020"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/565020\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/565013"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=565020"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=565020"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=565020"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=565020"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=565020"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}