{"id":568329,"date":"2020-12-27T04:03:05","date_gmt":"2020-12-27T04:03:05","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/27\/chg-alameda-merger-this-week\/"},"modified":"2020-12-27T04:03:05","modified_gmt":"2020-12-27T04:03:05","slug":"chg-alameda-merger-this-week","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/27\/chg-alameda-merger-this-week\/","title":{"rendered":"CHG + Alameda merger this week?"},"content":{"rendered":"

<\/a> EGX-listed Cleopatra Hospital Group and Alameda Healthcare Group are on track<\/strong> to reach an agreement on their planned merger before the year is out<\/strong>, Bloomberg<\/a> reports, citing people familiar with the matter. Alameda could be valued at USD 450-500 mn, including debt, Bloomberg\u2019s sources say. The transaction would see CHG issuing convertible loan notes to Fahad Khater, Alameda\u2019s chairman and controlling shareholder, and make Khater the merged group\u2019s second-largest shareholder with a 25% stake.<\/p>\n

Background:<\/strong> Cleopatra owns six major hospitals in Greater Cairo. El Khater\u2019s Alameda owns high-profile facilities including As-Salam International and Dar Al Fouad. The two healthcare players have been in talks since February to merge and become the largest private-sector healthcare service provider in Egypt. An Egyptian Competition Authority investigation earlier this year<\/a> concluded that the merger would not negatively impact market competition and would not need to be blocked.<\/p>\n","protected":false},"excerpt":{"rendered":"

EGX-listed Cleopatra Hospital Group and Alameda Healthcare Group are on track to reach an agreement on their planned merger before the year is out, Bloomberg reports, citing people familiar with the matter. Alameda could be valued at USD 450-500 mn, including debt, Bloomberg\u2019s sources say. The transaction would see CHG issuing convertible loan notes to […]<\/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":[7363],"tags":[489,192,72,7128],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-568329","post","type-post","status-publish","format-standard","hentry","category-ma-watch","tag-alameda-healthcare","tag-cleopatra-hospitals-group","tag-enterpriseam","tag-ma-watch","wpautop","entry"],"acf":{"mongo_id":"a149d076-d824-4074-a050-db27a378d3d9","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[568323],"teaser":"","voice_url":""},"yoast_head":"\nCHG + Alameda merger this week? - 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\/2020\/12\/27\/chg-alameda-merger-this-week\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CHG + Alameda merger this week?\" \/>\n<meta property=\"og:description\" content=\"EGX-listed Cleopatra Hospital Group and Alameda Healthcare Group are on track to reach an agreement on their planned merger before the year is out, Bloomberg reports, citing people familiar with the matter. Alameda could be valued at USD 450-500 mn, including debt, Bloomberg\u2019s sources say. The transaction would see CHG issuing convertible loan notes to […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/27\/chg-alameda-merger-this-week\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-27T04:03:05+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\/2020\/12\/27\/chg-alameda-merger-this-week\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/27\/chg-alameda-merger-this-week\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"CHG + Alameda merger this week?\",\"datePublished\":\"2020-12-27T04:03:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/27\/chg-alameda-merger-this-week\/\"},\"wordCount\":151,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Alameda Healthcare\",\"Cleopatra Hospitals Group\",\"EnterpriseAM\",\"M&A Watch\"],\"articleSection\":[\"M&A WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/27\/chg-alameda-merger-this-week\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/27\/chg-alameda-merger-this-week\/\",\"name\":\"CHG + Alameda merger this week? - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2020-12-27T04:03:05+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/27\/chg-alameda-merger-this-week\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/27\/chg-alameda-merger-this-week\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/27\/chg-alameda-merger-this-week\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"CHG + Alameda merger this week?\"}]},{\"@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":"CHG + Alameda merger this week? - 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\/2020\/12\/27\/chg-alameda-merger-this-week\/","og_locale":"en_US","og_type":"article","og_title":"CHG + Alameda merger this week?","og_description":"EGX-listed Cleopatra Hospital Group and Alameda Healthcare Group are on track to reach an agreement on their planned merger before the year is out, Bloomberg reports, citing people familiar with the matter. 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EGX-listed Cleopatra Hospitals Group is in the final stages of merger talks with Alameda Healthcare, setting the two up to consummate a marriage \u201cwithin a month,\u201d Al Mal reports, citing unnamed \u201cinformed\u201d sources. Transaction was stalled after covid-19\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":565869,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/10\/healthcare-mega-merger-is-off\/","url_meta":{"origin":568329,"position":1},"title":"Healthcare mega-merger is off","author":"enterpriseam admin","date":"10 May 2021","format":false,"excerpt":"Alameda Healthcare and EGX-listed Cleopatra Hospitals Group (CHG) will not be tying up, Cleopatra said in a brief regulatory filing (pdf) this afternoon. Cleo said the \u201csale and purchase agreement to acquire Alameda Healthcare Group in Egypt \u2026 has been terminated.\u201d The news comes nearly five months after the two\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\/2021\/5\/345.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":568369,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/28\/healthcare-mega-merger\/","url_meta":{"origin":568329,"position":2},"title":"Healthcare mega-merger","author":"enterpriseam admin","date":"28 December 2020","format":false,"excerpt":"Cleopatra Hospitals Group (CHG) has acquired 100% of Alameda Healthcare Group\u2019s Egypt assets in a sale and purchase agreement that would see the two healthcare service providers merge their operations in Egypt, CHG announced (pdf) yesterday morning. The transaction will see CHG control and operate Alameda\u2019s facilities, including Dar El\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\/2020\/12\/457.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":572305,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/21\/cleopatra-denies-alameda-merger-happening-this-week\/","url_meta":{"origin":568329,"position":3},"title":"Cleopatra denies Alameda merger happening this week","author":"enterpriseam admin","date":"21 June 2020","format":false,"excerpt":"M&A WATCH- Cleopatra denies Alameda merger happening this week: The EGX-listed Cleopatra Hospital Group last week dismissed reportsthat its planned merger with Alameda will take place this week, according to a regulatory disclosure (pdf). The local press reported last week that the Egyptian Competition Authority will not seek to block\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":568888,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/06\/cleopatra-alameda-are-in-merger-talks-eca-isnt-happy\/","url_meta":{"origin":568329,"position":4},"title":"Cleopatra, Alameda are in merger talks; ECA isn\u2019t happy","author":"enterpriseam admin","date":"6 February 2020","format":false,"excerpt":"M&A WATCH- Healthcare giants Alameda and Cleopatra are in merger talks \u2014 and the ECA isn\u2019t too happy about it: The Egyptian Competition Authority (ECA) is reportedly looking to block ongoing merger talks between leading private healthcare providers Cleopatra Hospitals Group and Alameda Healthcare, \u0650Al Masry Al Youm reports, quoting\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\/2020\/2\/96.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":559160,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/12\/healthcare-mega-merger-dissected\/","url_meta":{"origin":568329,"position":5},"title":"Healthcare mega-merger, dissected","author":"enterpriseam admin","date":"12 January 2021","format":false,"excerpt":"What to expect from the health industry\u2019s mega-merger: In a conference call with investors yesterday, Cleopatra Hospitals Group (CHG) CEO Ahmed Ezzeldin and Chairman Ahmed Badreldin broke down the healthcare provider\u2019s planned acquisition of Alameda Healthcare Group\u2019s Egypt assets. 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