Investment firm DPI, concentrating on Africa, to infuse $190 million into Egypt's Alameda Healthcare.
In a significant move for the Egyptian healthcare sector, Development Partners International (DPI) has announced a $190 million investment in Alameda Healthcare. This marks the largest healthcare investment of its kind in Egypt and the largest healthcare investment by DPI in the country.
The investment, made "through funds it advises and co-investors," according to DPI's press releases, will accelerate Alameda's expansion within Egypt and across the Gulf Cooperation Council (GCC) region. Alameda, formed in 1999, is the largest hospital operator in Egypt with over 1,000 beds.
Alameda's portfolio includes not only hospitals but also seven polyclinics, gastroenterology and liver care centres, physiotherapy and rehabilitation clinics, home-based family healthcare services, in-house diagnostic centres, medical laboratories, and pharmacies. The Centers of Excellence specialize in sophisticated medical practices and offer high-quality healthcare services.
With this investment, Alameda Healthcare plans to expand its footprint and capacity, invest in advanced technologies, and scale its Centers of Excellence. The proceeds will also facilitate training and development for medical staff, aiming to retain and attract top talent and reverse the brain drain of Egyptian doctors and nurses.
The investment will enable Alameda to expand access to high-quality healthcare, particularly in underserved areas of Egypt, and serve more patients. Alameda Chairman Fahad Khater will retain his position as the majority shareholder.
DPI, which manages assets and co-investments worth over $3 billion across three funds, is also raising the largest PE vehicle in Africa with a target of $1 billion. While the identities of the co-investors in this transaction have not been disclosed, the focus is on the partnership between DPI and Alameda's executive team.
EFG Hermes acted as the exclusive M&A financial advisor on the transaction between Development Partners International and Alameda Healthcare. The transaction is subject to regulatory approvals and is expected to close in Q3 2025.
[1] https://www.reuters.com/business/healthcare-news/development-partners-international-to-invest-190-million-in-alameda-healthcare-2022-04-04/ [2] https://www.arabianbusiness.com/healthcare-and-pharma/809190-development-partners-international-to-invest-190m-in-alameda-healthcare [5] https://www.bloombergquint.com/onweb/development-partners-international-to-invest-190-million-in-alameda-healthcare-in-egypt
- The investment by Development Partners International (DPI) in Alameda Healthcare, worth $190 million, is financed "through funds it advises and co-investors."
- With the proceeds from this investment, Alameda Healthcare aims to invest in advanced technologies, expand its Centers of Excellence, and train and develop medical staff to retain and attract top talent.
