{"id":602111,"date":"2019-03-19T03:55:33","date_gmt":"2019-03-19T03:55:33","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/19\/cleopatra-completes-acquisition-of-el-katib-moves-ahead-with-queens\/"},"modified":"2019-03-19T03:55:33","modified_gmt":"2019-03-19T03:55:33","slug":"cleopatra-completes-acquisition-of-el-katib-moves-ahead-with-queens","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/19\/cleopatra-completes-acquisition-of-el-katib-moves-ahead-with-queens\/","title":{"rendered":"Cleopatra completes acquisition of El Katib, moves ahead with Queens"},"content":{"rendered":"

<\/a> M&A WATCH- Cleopatra completes acquisition of El Katib, adds 100 beds: <\/b>Cleopatra Hospitals Group (CHG) has completed its acquisition of the assets of El Katib Hospital in Dokki, adding 100 beds to its inpatient capacity, according to the group\u2019s annual report (pdf)<\/a>. Alongside the added capacity, the move will see Cleopatra inaugurate a urology center at the hospital. The plans were made public a little less than a year ago<\/a> and shareholders greenlit the move last December<\/a>.<\/p>\n

CHG shareholders also previously approved a long-term lease agreement of Queens Hospital<\/b>, a 50-bed facility in East Cairo which the group is in the final stages of taking over. Queens Hospital<\/a> is specialized in women\u2019s health and is expected to contribute to the group\u2019s consolidated financials by 2Q2019. Queens\u2019 name was previously not disclosed when Cleopatra first announced the takeover in its 3Q2018 report (pdf)<\/a>. There are \u201cparallel plans to better utilize the facility to offer additional specialities after obtaining the necessary regulatory approvals,\u201d CEO Ahmed Ezzeldin said.<\/p>\n","protected":false},"excerpt":{"rendered":"

M&A WATCH- Cleopatra completes acquisition of El Katib, adds 100 beds: Cleopatra Hospitals Group (CHG) has completed its acquisition of the assets of El Katib Hospital in Dokki, adding 100 beds to its inpatient capacity, according to the group\u2019s annual report (pdf). Alongside the added capacity, the move will see Cleopatra inaugurate a urology center […]<\/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":[8572],"tags":[192,72,7115,213,7128,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-602111","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-cleopatra-hospitals-group","tag-enterpriseam","tag-healthcare","tag-infrastructure-watch","tag-ma-watch","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"813cc651-4787-4bb7-8033-04430e680ddd","is_powered_by":true,"section_story_id":"ee17c50d-1d0d-46ec-8e95-f113d59896f9","story_type":"1","photo_url":"","photo_position":"above","related_issue":[602102],"teaser":"","voice_url":""},"yoast_head":"\nCleopatra completes acquisition of El Katib, moves ahead with Queens - 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\/2019\/03\/19\/cleopatra-completes-acquisition-of-el-katib-moves-ahead-with-queens\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cleopatra completes acquisition of El Katib, moves ahead with Queens\" \/>\n<meta property=\"og:description\" content=\"M&A WATCH- Cleopatra completes acquisition of El Katib, adds 100 beds: Cleopatra Hospitals Group (CHG) has completed its acquisition of the assets of El Katib Hospital in Dokki, adding 100 beds to its inpatient capacity, according to the group\u2019s annual report (pdf). 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CHG will take over El Katib Hospital\u2019s daily operations as of today, and had already\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":604513,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/05\/earnings-watch-cleopatra-hospitals-group-reports-3q2018-results\/","url_meta":{"origin":602111,"position":1},"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). 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