{"id":641336,"date":"2017-09-19T04:05:45","date_gmt":"2017-09-19T04:05:45","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/19\/cleopatra-hospital-group-earmarks-egp-1-bn-for-acquisitions-to-bring-capacity-to-1000-beds\/"},"modified":"2017-09-19T04:05:45","modified_gmt":"2017-09-19T04:05:45","slug":"cleopatra-hospital-group-earmarks-egp-1-bn-for-acquisitions-to-bring-capacity-to-1000-beds","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/19\/cleopatra-hospital-group-earmarks-egp-1-bn-for-acquisitions-to-bring-capacity-to-1000-beds\/","title":{"rendered":"Cleopatra Hospital Group earmarks EGP 1 bn for acquisitions to bring capacity to 1,000 beds"},"content":{"rendered":"

<\/a> Cleopatra Hospital Group has earmarked EGP 1 bn for acquisitions that will bring its capacity up to 1,000 <\/strong>beds:<\/strong> The Cleopatra Hospital Group is planning to invest up to EGP 1 bn to bring its total capacity up to 1,000 beds in the coming period, CEO Ahmed Ezz El Din tells Al Mal<\/a>. The Group is currently in talks to add 365 new beds through the acquisition of hospitals in different locations, including one in West Cairo and another in Beni Suef, he added, declining to get into further specifics. Cleo had filed last month<\/a> for a EGP 700 mn capital increase to support its acquisition of a 150-bed hospital for EGP 580 mn, for which due diligence is currently ongoing, according to Ezz El Din.<\/p>\n","protected":false},"excerpt":{"rendered":"

Cleopatra Hospital Group has earmarked EGP 1 bn for acquisitions that will bring its capacity up to 1,000 beds: The Cleopatra Hospital Group is planning to invest up to EGP 1 bn to bring its total capacity up to 1,000 beds in the coming period, CEO Ahmed Ezz El Din tells Al Mal. The Group […]<\/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-641336","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"9a60b1fd-1f3f-4b9b-9245-18275e05a59b","order":"0","is_powered_by":true,"section_story_id":"01c25098-ce79-461b-98d0-7efdce918e7d","story_type":"1","photo_url":"","photo_position":"above","related_issue":[641325],"teaser":"","voice_url":""},"yoast_head":"\nCleopatra Hospital Group earmarks EGP 1 bn for acquisitions to bring capacity to 1,000 beds - 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\/2017\/09\/19\/cleopatra-hospital-group-earmarks-egp-1-bn-for-acquisitions-to-bring-capacity-to-1000-beds\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cleopatra Hospital Group earmarks EGP 1 bn for acquisitions to bring capacity to 1,000 beds\" \/>\n<meta property=\"og:description\" content=\"Cleopatra Hospital Group has earmarked EGP 1 bn for acquisitions that will bring its capacity up to 1,000 beds: The Cleopatra Hospital Group is planning to invest up to EGP 1 bn to bring its total capacity up to 1,000 beds in the coming period, CEO Ahmed Ezz El Din tells Al Mal. 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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. 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The group filed for a capital increase (pdf) of EGP 700 mn through a fully tradable rights issue at the par value of EGP 0.50 per share and will use the proceeds to ensure that EGP 580\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":649943,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/13\/earnings-watch-cleopatra-hospitals-etisalat\/","url_meta":{"origin":641336,"position":3},"title":"Earnings watch: Cleopatra Hospitals, Etisalat","author":"enterpriseam admin","date":"13 March 2017","format":false,"excerpt":"** EARNINGS WATCH: Cleopatra Hospitals Group announced net income of EGP 89.4 mn in 2016, up 73% y-o-y. Revenues increased by 16% y-o-y to EGP 864.4 mn during the year. The largest contributor to group revenues was Cleopatra Hospital at (44%), followed by Cairo Specialised Hospital (21%), Nile Badrawi Hospital\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":602111,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/19\/cleopatra-completes-acquisition-of-el-katib-moves-ahead-with-queens\/","url_meta":{"origin":641336,"position":4},"title":"Cleopatra completes acquisition of El Katib, moves ahead with Queens","author":"enterpriseam admin","date":"19 March 2019","format":false,"excerpt":"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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