{"id":625842,"date":"2018-08-16T03:41:59","date_gmt":"2018-08-16T03:41:59","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/16\/saudis-elaj-in-advanced-talks-to-acquire-majority-stake-in-technoscan-labs\/"},"modified":"2018-08-16T03:41:59","modified_gmt":"2018-08-16T03:41:59","slug":"saudis-elaj-in-advanced-talks-to-acquire-majority-stake-in-technoscan-labs","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/16\/saudis-elaj-in-advanced-talks-to-acquire-majority-stake-in-technoscan-labs\/","title":{"rendered":"Saudi\u2019s Elaj in advanced talks to acquire majority stake in TechnoScan labs"},"content":{"rendered":"

<\/a> M&A WATCH- Saudi\u2019s Elaj in advanced talks to acquire majority stake in TechnoScan: <\/strong>Saudi Arabia\u2019s Elaj Group is reportedly in advanced talks with Gulf Capital to acquire its 75% stake in medical diagnostic imaging chain TechnoScan, sources close to the matter tell Al Mal<\/a>. The transaction is expected to be final by the final quarter of the year, the newspaper suggests. Gulf Capital has been trying to sell its stake<\/a> in TechnoScan since 2016. No details on the value of the transaction were disclosed. Elaj, which has been on an acquisition spree in Egypt this year, is also looking to purchase a hotel in Cairo to turn into a full-service specialized hospital. The Saudi Group has already acquired the Alexandria International Hospital<\/a> and Ibn Sina Specialized Hospital and picked up a majority stake<\/a> in Cairo Clinic Children\u2019s Hospital, as well as stakes in clinical laboratory group Cairo Labs<\/a> and the International Eye Hospital<\/a>.<\/p>\n

The news comes just one day after medical diagnostics leader IDH announced it is venturing into the radiology market<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

M&A WATCH- Saudi\u2019s Elaj in advanced talks to acquire majority stake in TechnoScan: Saudi Arabia\u2019s Elaj Group is reportedly in advanced talks with Gulf Capital to acquire its 75% stake in medical diagnostic imaging chain TechnoScan, sources close to the matter tell Al Mal. The transaction is expected to be final by the final quarter […]<\/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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-625842","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"46320efe-ebc4-4bb1-990a-9c28ba19da07","order":"0","is_powered_by":true,"section_story_id":"072d73e9-d7f7-46a0-82a5-c9700cf83089","story_type":"1","photo_url":"","photo_position":"above","related_issue":[625835],"teaser":"","voice_url":""},"yoast_head":"\nSaudi\u2019s Elaj in advanced talks to acquire majority stake in TechnoScan labs - 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\/2018\/08\/16\/saudis-elaj-in-advanced-talks-to-acquire-majority-stake-in-technoscan-labs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Saudi\u2019s Elaj in advanced talks to acquire majority stake in TechnoScan labs\" \/>\n<meta property=\"og:description\" content=\"M&A WATCH- Saudi\u2019s Elaj in advanced talks to acquire majority stake in TechnoScan: Saudi Arabia\u2019s Elaj Group is reportedly in advanced talks with Gulf Capital to acquire its 75% stake in medical diagnostic imaging chain TechnoScan, sources close to the matter tell Al Mal. 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Saudi Arabia\u2019s Elaj Group was said to have been in the \u201cfinal stages\u201d of acquiring 75% of TechnoScan in\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":631773,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/27\/saudis-elaj-extends-acquisition-spree-with-stake-in-under-construction-paediatric-hospital\/","url_meta":{"origin":625842,"position":2},"title":"Saudi\u2019s Elaj extends acquisition spree with stake in under-construction paediatric hospital","author":"enterpriseam admin","date":"27 March 2018","format":false,"excerpt":"M&A WATCH- Elaj Group continues healthcare acquisition spree: Saudi Arabia\u2019s Elaj Group has acquired a majority stake in Cairo Clinic Children\u2019s Hospital in transaction worth EGP 9 mn, sources close to the matter tell Al Mal. 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