BusinessFundingNewsTechnology

TANA AFRICA CAPITAL INVESTS IN EGYPTIAN HOSPITAL OPERATOR, MABARET

Leading private equity firm, Tana Africa Capital has announced its investment into Mabaret Al Asafra (“Mabaret”) a leading hospital operator in Alexandria, Egypt. The investment was done through its second fund Tana Africa Capital II (“TAC II”) and made directly into Alexandria for Healthcare Investments (“AHI”), that owns the majority stake in the Mabaret hospitals and laboratory.

Mabaret currently operates two hospitals and a laboratory business in Alexandria and will launch a new hospital in central Alexandria in the second half of 2020, increasing the total beds to over 400.

Tana as an active and long-term investor forms a partnership with the highly experienced operator AHI, backed by a strong management team, in a business with exceptional growth potential, and will work to realise the company’s long-term vision of becoming one of the leading healthcare groups in Egypt.

Download GetFundedAfrica’s e-Guide to fundraising for start-up’s Here

Mark Tindall, Managing Director at Tana, commented: “We are excited to partner with Dr Morsi and his team at Mabaret Al Asafra to build an exceptional healthcare business in Egypt; one which makes high quality healthcare accessible to many people. This business has a strong management team, exciting growth prospects and the potential to impact people’s lives for the better in the broader community. It has all the hallmarks of a compelling investment for Tana.’’

See the source image

Pieter Cilliers, Principal at Tana, commented: “Mabaret established over the last 35+ years a strong brand and reputation for high quality healthcare. We believe that there is a substantial opportunity for growth in Alexandria, the Delta and the broader Egyptian healthcare market. The experienced management team has built a stable and scalable business and operating model, with a proven track record of success. Given the existing expansion plans, combined with future market opportunities, we believe that Mabaret is poised for significant growth in the coming years”.

Dr Amr Morsi, Mabaret Founder and Chairman also commented: “I am delighted to partner with Tana for the next phase of Mabaret’s growth as we work to achieve the full potential of the business. Our aim is to scale the business and stay true to our founding objective of bringing quality medical care to the broader Egyptian public. I am excited to have found a partner focused on supporting us by investing in our strategy and people, enabling us to continue to deliver outstanding healthcare services to our patients. I also look forward to future partnership ventures with Tana through our healthcare investment company AHI”.

See the source image

Source: https://innovation-village.com/tana-africa-capital-invests-in-egyptian-hospital-operator-mabaret/

Download a copy of GFA’s Guide To Fundraising For African Start-Ups

GetFundedAfrica is a technology-based, business information platform operated by Afriscaper Research & Consulting Limited with a mission to reduce barriers to funding for African businesses. GFA matches investor ready, African & African-Diaspora owned companies with global investors, leveraging market research, industry data and news aggregation

Check out our weekend Feature: GFA’s Business Journey: Pitching To Win

Are you an entrepreneur? Share your story with us and get featured on our platform send us an email nichole@getfundedafrica.com

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button