The Abraaj Group, EBRD, DEG and Proparco Form the North Africa Hospital Holdings Group (MENA)
Source: The Abraaj Group
Global growth markets investor The Abraaj Group, along with development finance institutions European Bank for Reconstruction and Development (EBRD), DEG and Proparco, has formed the North Africa Hospital Holdings Group (NAHHG), an Egypt- and Tunisia-focused healthcare investment platform. Abraaj contributed US$145 million to the platform, EBRD contributed US$25 million and DEG and Proparco each contributed US$15 million. NAHHG currently encompasses four hospitals, and will use its platform and resources to improve service quality, enhance operational efficiency, invest in medical technology and apply global health care practices to local markets.