Proparco, DEG, EBRD support development of MetaMed

In:

Social infrastructure

Region:

Middle East & Africa

French development financial institution Proparco is investing $20 million in MetaMed to support healthcare in Egypt, Saudi Arabia and Jordan.

Germany's DEG and the European Bank for Reconstruction and Development are also participating in the transaction, which is led by private equity firm Mediterrania Capital Partners. It will enable the acquisition of Metamed and its integration with CairoScan, in which Mediterrania Capital Partners invested in 2018, to form an important regional platform for imaging and medical biology laboratories.

The operation will support the opening of new medical imaging centres in the region, improving access to medical imaging services at an affordable price.

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