Actis-backed healthcare company could receive funding from IFC
The IFC has disclosed a proposed loan of up to $45 million to Integrated Diagnostics Holding Plc. (IDH), a diagnostic service provider offering pathology and radiology services in Egypt, Jordan, Sudan and Nigeria.
The loan will finance IDHs general corporate purposes including CAPEX and investments.
IDH offers over 2,000 diagnostic tests under seven key brands with a strong reputation in underserved markets. The company has a network of 471 branches and employs over 5,500 employees across its geographic footprint. IDH is a Jersey registered public limited company listed on the London Stock Exchange (LSE) since May 2015.
IDH’s investment plans include expansion in Egypt and new acquisitions and greenfield investments in other emerging markets as well as achieving a dual listing of its shares on the Egyptian Stock Exchange.
The main shareholders of IDH are Hena Holdings (25.5%) and Actis Private Equity (21%) while the remaining 53.5% is free float on the LSE.
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