CHG’s latest investment is in line with its profit expectations strategy before interest, taxes, and depreciation for the next two years. Credit: VILevi/Shutterstock.com.

Cleopatra Hospitals Group (CHG), an Egypt-based healthcare investment platform, is planning to  make an investment of E£2bn ($64.62m) over a period of next 18 months for the Sky Hospital project in East Cairo. 

According to a press release shared by Zawya, this investment is part of the company’s profit expectations strategy before interest, taxes, and depreciation for the forthcoming two years.  

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

As part of the planned investment, CHG will primarily focus on the first and second phases of the Sky Hospital project, expansion of outpatient clinic centres and Cleopatra October facilities in West Cairo. 

The company has clarified that this investment amount excludes any potential expansions outside Cairo.  

CHG’s capital expenditures will be fully financed from bank facilities and internal sources.  

See Also:

During the previous year, CHG anticipated a 35% annual growth in its revenues. 

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In the last quarter of 2023, the hospital also anticipated a 44% revenue growth annually. This was supported by a rise in the number of cases the company served, improved operational efficiency, and the diversification of healthcare services offered.  

The hospital’s profits surged by 29% during the first nine months of the previous year, totalling E£344.9m, compared to E£267.1m during the same period in 2022. 

CHG operates six hospitals in the country, alongside two polyclinics and one IVF centre in Egypt, catering to a diverse range of patient needs and preferences. 

It offers comprehensive diagnostic, medical, and surgical facilities in both inpatient and outpatient units at every facility. 

The hospital also has various centres of excellence that provide quality care for specialties such as urology, cardiology, neurology, orthopaedics, among others.  

In May 2021, CHG announced filing of regulatory approval on a mandatory tender offer to acquire all the outstanding shares of Alexandria Medical Services.