Cleopatra Hospitals Group Further Expands its Geographic Footprint in West Cairo

Cairo, 01 November 2022

Cleopatra Hospitals Group, through its subsidiary “Cleopatra Haven SAE”, signed an 18-year concession agreement for Haven Hospital, an operating hospital located in 6th of October City - Giza governorate owned by the Ministry of Interior Fund for Social and Healthcare Management, which will remain as the property and asset owner. This marks the Group’s hospital network expansion to West Cairo through a capital efficient and asset light operating model. CHG will assume the hospital’s operations as of November 1, 2022. Cleopatra Haven is expected to be earnings accretive from FY2023 onwards.

Haven Hospital will be the largest operating facility in the Group today, standing at c.30,000 sqm and operating as a Physical Therapy, Long Term Care and Rehabilitation Center of Excellence, equipped with state-of-the-art medical technology complemented with world-class operating theatres and inpatient rooms. CHG will develop Haven by growing the hospital’s bed count as well as enhancing its medical services, to become a full-fledged tertiary hospital, housing Orthopaedic and Cardiology Centers of Excellence in addition to its existing Physical Therapy, Long Term Care and Rehabilitation service offering.