Egypt: Newly formed B Healthcare Investments signs first deal
B Investments announced the establishment of its specialised healthcare company, B Healthcare Investments, with an authorised capital of EGP 1 billion (about $63.7 million), which intends to invest in leading companies operating in the Egyptian specialised healthcare sector.
B Healthcare Investments signed transaction documents for the acquisition of a 51% stake in The Egyptian IVF Center as its first investment in the specialised healthcare space. The completion of the transaction is pending regulatory approvals.
The Egyptian IVF Center is one of the leading fertility centers and the first medical facility offering fertility treatment in Egypt. The company offers its patients the full spectrum of fertility services with high medical and ethical standards.
“We are extremely excited to partner with the pioneers of IVF in Egypt and the Middle East and to leverage their extensive medical expertise,” said Hazem Barakat, chairman of B Investments. “The Egyptian IVF Center is a key cornerstone to B Healthcare Investments’ growth strategy in the Egyptian specialised healthcare market.”
Are you seeking private equity or venture capital investment to grow your company? Africa Private Equity News now offers you the opportunity to connect with investors backing African businesses. Contact us at editor@africaprivateequitynews.com for our rate card and more information.