Premium HealthCare Expands with EGP 1.69 Billion Acquisition of 10 Companies

Premium HealthCare Group, an EGX-listed company, has secured approval from its extraordinary general meeting (EGM) to acquire ten companies in a large-scale expansion move totaling EGP 1.69 billion. Five of these companies will be fully acquired, accounting for EGP 1.46 billion, while the remaining five will see Premium HealthCare take a 50% ownership at EGP 233 million. This strategic acquisition effort aims to bolster Premium HealthCare's market position and operational capabilities. The company's financial performance up to November 2024 showcases a net profit of EGP 11.37 million, illustrating a stable financial foundation to support the acquisitions. This development aligns with Premium HealthCare’s strategy to expand its footprint in the Egyptian healthcare sector and enhance its service offerings.