The bank had previously gotten offers from Nile Scan and Labs Company in Egypt and UAE-based Global One Healthcare Holding Company
CHG is not the only one looking into acquiring the company
Both parties have not commented on what led to the dissolution of the agreement that would have seen the creation of Egypt’s largest private-sector healthcare group
At the end of 2020, the competition watchdog announced it was opposing the merger, stating it would lead to a monopoly in the Egyptian healthcare market
