The FRA has filed two lawsuits against Speed Medical (SPMD).
More Details🧐 In a disclosure to the EGX, SPMD revealed that the first lawsuit concerns the company’s compliance with the regulatory disclosures regarding the acquisition of Prime Healthcare.
The second lawsuit concerns the acquisition of Al Safwa Specialized Hospital & Prime Speed Medical.
The first hearing will take place on January 3rd, 2022.
Why is this Important🤔 SPMD had abandoned the acquisition of an additional stake in Prime Speed back in August 2021, before deciding to exit completely from Prime Speed in November 2021. That move had the FRA’s eyes rolling already.
