May 10, 2021

Speed Medical to increase Al-Safwa Hospital capacity with investment cost of EGP 75M

ArabFinance: Speed Medical (SPMD) aimed to increase Al Safwa Hospital’s capacity to 150 beds from 67 beds with an investment cost of EGP 75 million, Alborsa News cited the company’s chairman Mahmoud Lasheen.

This plan will be implemented once the company acquired the hospital.

The listed company intended to add three floors to Al Safwa’s building to be operated during 2021, Lasheen added.

Speed Medical targets to increase the number of Speed laboratories to 140 branches by the end of 2021 and specialized clinics to three, Lasheen added.

He also said that Speed Hospital is expected to operate in July after raising its capacity to 140 beds from 65 beds.

Speed Medical posted a consolidated net profit of EGP 40.924 million in Quarter one 2021.

The Egypt-based medical laboratory operator is engaged in establishing, operating, and managing diagnostic laboratories, clinics, and hospitals.


Categories : healthcare

Finance & Economy

Mansoura Poultry sees change in shareholding structure

2021-06-10 07:00:00

ArabFinance: Mansoura Poultry Copmpany (MPCO) announced that Mohamed Abdel Nasser Hamed increased his stake in the company via"...
Read More

138 Pyramids to establish SME-focused pr...
June 10, 2021
EJB partnered with previous governments ...
June 10, 2021

Latest News


Thought Leadership & Innovation Foundati...
June 9, 2021
Egypt to locally produce COVID-19 vaccin...
June 8, 2021
Organon Launches as New Global Women&rsq...
June 8, 2021