In a significant development for Egypt’s healthcare sector, EFG Hermes has successfully concluded its advisory role in a landmark $190 million minority stake investment in Alameda Healthcare. The transaction, finalized after receiving all necessary regulatory approvals, represents the largest private equity investment in Egypt’s healthcare industry to date.
Development Partners International, through its fourth fund, has made this strategic investment in Egypt’s leading private healthcare group. The transaction structure primarily involved a capital increase, resulting in substantial foreign-currency inflows into Egypt’s local banking system. Dr. Fahad Khater, Chairman of Alameda Healthcare, remains the majority shareholder following this transaction.
This investment serves as a strong endorsement of Egypt’s economic reforms and demonstrates international confidence in the country’s private sector and investment climate. The capital infusion will enable Alameda to accelerate its expansion strategy across Egypt and key regional markets, enhancing hospital operations, clinical capacity, and service quality through advanced medical technology investments.
Since the initial agreement signing in July 2025, Alameda has made substantial progress in its growth initiatives. The healthcare group is nearing an enterprise-wide affiliation with UK’s Guy’s and St Thomas’ healthcare system and has finalized the acquisition of a majority stake in a prominent Egyptian ophthalmology group. Additionally, Alameda is preparing to enter the Saudi Arabian market, with an official announcement expected this year.
The group has already expanded its international presence with the opening of its first clinic in Kenya, while experiencing increased patient volumes from across the Middle East and Africa. In January, Alameda strengthened its clinical capabilities through a multi-year strategic partnership with Houston Methodist USA to enhance patient-centered care at Madinaty Hospital in New Cairo.
Maged El Ayouti, Co-Head of Investment Banking at EFG Hermes, emphasized the transaction’s significance: “This landmark deal reflects strong confidence in Alameda’s positioning as one of MENA’s fastest-growing healthcare platforms. It demonstrates our ability to deliver complex, high-impact M&A transactions that enable national champions to execute their growth strategies across domestic and regional markets.”
Alameda Healthcare operates a diversified network of hospitals and specialized medical facilities throughout Egypt, known for its clinical excellence, advanced technologies, and comprehensive healthcare services serving both local and regional patients.