Aria Healthcare L.L.C., a subsidiary of American Hospital Management Company (AHMC) signed a Memorandum of Understanding with INDEX Healthcare Management L.L.C. to construct a tertiary-care hospital in Egypt. The MoU stipulates that INDEX Healthcare Management, a subsidiary of INDEX Holding, an Emirati national company, will be assigned as the Project Manager for the design and construction of the Egyptian American Medical Center (EAMC). Due diligence and the development of a definitive agreement will occur in the coming months.
EAMC will be a tertiary-care specialized 182-beds hospital, and a multi-disciplinary cancer center. It will also include a medical office building that can host 100-physicians’ offices. EAMC will be constructed in 6th October City, Egypt. The interior of the hospital spans more than 38,000 square-meters across five floors, including 7 state-of-the-art operating rooms, a top-tier 20-room Emergency Department and a Level IIIB Neonatal Intensive Care Unit (NICU). Work on the project will commence in 2015, on three phases. The two companies anticipate the hospital to open its doors by 2017. The estimated total cost for EAMC is slated to be $90m.
Ashrafe Ewida, M.D., President of Aria and EAMC, commented on the agreement saying: “Aria and AHMC are bullish on healthcare investment in North Africa region specially Egypt. EAMC will be our hallmark entry project into the Egyptian market. INDEX Healthcare Management has been in collaboration with our American Architect house partner, Gresham, Smith and Partners, in various healthcare projects in gulf region.”
Dr. Abdul Salam Al Madani, Chairman of INDEX Holding said: “We are excited about this collaboration, as we are always keen to affiliate with qualified international organizations to provide prominent health management solutions and to support healthcare projects in the region. INDEX Healthcare Management is a key player in the Middle East Region and has strategically positioned itself to pursue more healthcare projects in North Africa in the future and I see this collaboration as a first step towards that goal. Moreover, Aria Healthcare Group is an elite healthcare promoter, and I believe that this cooperation should be fundamental for the future of healthcare industry in Egypt.”
From his side, Dr. Ewida concluded by saying: “INDEX Healthcare Management has proven to be a successful healthcare project manager that is committed to excellence. We look forward to a successful collaboration with INDEX team in completing EAMC.”
For more information please contact:
INDEX Healthcare Management
Tel: +97143624717, Ext: 505
Ralph Foster II
American Hospital Management Company
Tuesday, April 22- 2014 @ 15:24 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.