Econostrum | Economic News in the Mediterranean

Mediterrania Capital Partners to create the largest platform of medical imaging centres in the Mena region

Written by Editorial staff on Monday, May 25th 2020 à 09:36 | Read 160 times

Albert Alsina (standing), founder and CEO of Mediterrania Capital Partners, and Daniel Vilnas, MCP partner and head of the MetaMed transaction (photo: MCP)
Albert Alsina (standing), founder and CEO of Mediterrania Capital Partners, and Daniel Vilnas, MCP partner and head of the MetaMed transaction (photo: MCP)
MALTA / EGYPT. Mediterrania Capital Partners announces the acquisition of MetaMed, one of the largest platforms of medical imaging centres mainly in Egypt (where it also has a medical biology laboratory), but also in Jordan and Saudi Arabia, for more than €100m.

The private equity firm specialising in the growth of SMEs in North Africa and sub-Saharan Africa is carrying out this operation via its MC III fund and is accompanied directly by investors from the FMO fund, Proparco, DEG and the European Bank for Reconstruction and Development (EBRD).

Founded in 2009 by Gulf Capital GC Equity Partners II, initially under the name Technogroup Investments Holdings (TGIH), MetaMed currently owns and manages twenty-seven medical imaging centres.

Mediterrania Capital Partners had already acquired Cairo Scan, the leading provider of medical imaging services in Egypt, in February 2018. Today, the venture capital firm will integrate MetaMed and Cairo Scan to create the largest medical imaging platform in the Mena (Middle East North Africa) region with over forty-five centres. It will be led by Hatem El Gabaly, current President of Cairo Scan. Mediterrania Capital Partners intends to pursue its development in this sector through organic and external growth.

"Over the past decade, MetaMed has accumulated the experience, technical skills and solid knowledge of market dynamics to maintain and grow in its various domestic markets. Thanks to the strong operational synergies with Cairo Scan, the acquisition of MetaMed allows us to consolidate our position in Egypt while giving us access to new markets such as Jordan and Saudi Arabia, where the growth potential is very important", comments Daniel Viñas, Partner at Mediterrania Capital Partners.


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