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Thndr Claps » EGY Claps » Health & Pharma 👩‍⚕️ » 70% of Alex New Medical Center acquired 🤝

70% of Alex New Medical Center acquired 🤝

by Omar El Shorafa
September 27, 2022

The Clap
The consortium of LimeVest and Tawasol Holding acquired 70.17% of Alexandria New Medical Services (AMES).

The Deets
The deal amounted to a total of EGP 535.9 million, around EGP 49 per share.

Background
Alexandria New Medical Services did not like the offer initially, saying that it does not reflect the true value of the company’s assets.

The fair value of Alex New Medical Services was set at EGP 51.2-52.8 per share.

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