By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
DailynewsegyptDailynewsegypt
  • Home
  • Business
    BusinessShow More
    Egypt’s IDA gears up to provide its services for investors online
    Egypt’s IDA gears up to provide its services for investors online 
    March 29, 2023
    Egypt. Germany discuss promotion of cooperation in communications, digital transformation
    Egypt, Germany discuss promotion of cooperation in communications, digital transformation
    March 29, 2023
    Egypt-Australia trade exchange reaches AUD 1bn in FY2022: Ambassador
    Egypt-Australia trade exchange reaches AUD 1bn in FY2022: Ambassador
    March 29, 2023
    Volatile trading on EGX amid anticipation of interest rate movement
    Volatile trading on EGX amid anticipation of interest rate movement
    March 29, 2023
    Mohamed Nasr El-Din appointed as new CEO of Telecom Egypt
    Mohamed Nasr El-Din appointed as new CEO of Telecom Egypt
    March 29, 2023
  • Politics
    PoliticsShow More
    Iranian FM says Tehran, Moscow taking final step toward signing long-term cooperation agreement
    Iranian FM says Tehran, Moscow taking final step toward signing long-term cooperation agreement
    March 29, 2023
    Health Minister, UNODC discuss bilateral cooperation in combating drugs, corruption
    Health Minister, UNODC discuss bilateral cooperation in combating drugs, corruption
    March 29, 2023
    UAE President appoints Khaled bin Mohamed bin Zayed as Crown Prince of Abu Dhabi
    UAE President appoints Khaled bin Mohamed bin Zayed as Crown Prince of Abu Dhabi
    March 29, 2023
    Al-Sisi directs development of imams to keep abreast of contemporary issues
    Al-Sisi directs development of imams to keep abreast of contemporary issues
    March 29, 2023
    Egyptian Health Minister directs accelerating completion of New Heart Institute in El-Shorouk 
    Egyptian Health Minister directs accelerating completion of New Heart Institute in El-Shorouk 
    March 29, 2023
  • Interviews
    InterviewsShow More
    Developers have to offer innovative products, state should provide more facilities to stimulate industry: Kareem Mamoun
    Developers have to offer innovative products, state should provide more facilities to stimulate industry: Kareem Mamoun
    March 27, 2023
    Government should help Egyptian arts revive its pioneering role: Omar Abdel Aziz
    Government should help Egyptian arts revive its pioneering role: Omar Abdel Aziz
    March 15, 2023
    Interconnected healthcare systems in Africa require political will from North African leaders: Amref official
    Interconnected healthcare systems in Africa require political will from North African leaders: Amref official
    March 12, 2023
    EGX ready for government’s IPOs programme: Chairperson
    EGX ready for government’s IPOs programme: Chairperson
    February 15, 2023
    British International Investment invests $4.5bn in 700 businesses across Africa: Sherine Shohdy
    February 15, 2023
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Reading: PTS Investments acquires part of Egypt’s healthcare firm EDAM
Share
Notification
Latest News
Egypt’s IDA gears up to provide its services for investors online
Egypt’s IDA gears up to provide its services for investors online 
Business
Iranian FM says Tehran, Moscow taking final step toward signing long-term cooperation agreement
Iranian FM says Tehran, Moscow taking final step toward signing long-term cooperation agreement
Politics World
Egypt. Germany discuss promotion of cooperation in communications, digital transformation
Egypt, Germany discuss promotion of cooperation in communications, digital transformation
Business
Egypt-Australia trade exchange reaches AUD 1bn in FY2022: Ambassador
Egypt-Australia trade exchange reaches AUD 1bn in FY2022: Ambassador
Business
Volatile trading on EGX amid anticipation of interest rate movement
Volatile trading on EGX amid anticipation of interest rate movement
Business
Aa
Aa
DailynewsegyptDailynewsegypt
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Have an existing account? Sign In
Follow US
  • Advertise
© 2023 DNE News. All Rights Reserved.
Dailynewsegypt > Blog > Business > PTS Investments acquires part of Egypt’s healthcare firm EDAM
Business

PTS Investments acquires part of Egypt’s healthcare firm EDAM

Daily News Egypt
Last updated: 2022/12/14 at 10:57 PM
By Daily News Egypt 3 Min Read
Share
PTS Investments acquires part of Egypt’s healthcare firm EDAM
SHARE

PTS Investments Holdings has acquired part of Egypt-based EDAM Healthcare Services in an undisclosed fee, through the former’s operating company in Egypt.

This acquisition aims to deepen the US-based company’s direct investment into the Egyptian and MEA region mainly in the technology and applied engineering, as well as the sectors of health, education, transportation, logistics, and energy by collaborating with local and global partnerships and alliances and providing integrated solutions and services to enrich and enhance digital community awareness in MEA region and ensure a direct value add within the investment value chain.

Ehab Kamel, Chairperson of EDAM, highlighted that PTS direct investments will accelerate the company’s future growth plans, whereas we aim to reach 2.5 million subscribers by the end of 2023, and also will mainly support the development of EDAM digital platform for health care in cooperation with Kemtix Technologies. The technological arm of PTS holdings Group, which is expected to be launched in the first half of the next year, aims to facilitate medical services access to a larger number of beneficiaries and support the country’s efforts in the digital transformation era in line with the goals of sustainable development and Egypt Vision 2030.

Maha Mandour, Group Managing Director for PTS Holdings, affirmed her belief in the importance of investing in the healthcare sector in Egypt, which is a major pillar of the Egyptian economy and society, whereas Egypt is the largest Arab country in terms of population, with nearly 100 million Egyptians living within its borders; adding 10 million others abroad. With an annual population growth rate of more than 2%, it is expected that the population will reach more than 130 million by 2030, and 175 million by 2050, which will lead to an increase in the demand for care. Meanwhile, only 8 percent of the population is over the age of 60 (about 7.7 million), but this age group is expected to increase to 18 million by 2030 and to reach 13.8% of the population (about 24 million) by 2050 With the need for health care services increasing steadily, this requires serious participation from the private sector in solidarity with the state’s efforts to develop this sector.

EDAM was established in February 2019, to provide distinguished health services at prices that suit everyone. EDAM allows its members to benefit from its medical network which includes more than 3,000 medical service providers from health care cadres in Egypt, at very competitive prices.

You Might Also Like

Egypt’s IDA gears up to provide its services for investors online 

Egypt, Germany discuss promotion of cooperation in communications, digital transformation

Egypt-Australia trade exchange reaches AUD 1bn in FY2022: Ambassador

Volatile trading on EGX amid anticipation of interest rate movement

Mohamed Nasr El-Din appointed as new CEO of Telecom Egypt

TAGGED: healthcare
Share this Article
Facebook Twitter Email Print
Previous Article Visa pledges to invest $1bn in Africa to accelerate digital transformation Visa pledges to invest $1bn in Africa to accelerate digital transformation
Next Article Egypt-US trade exchange increases to $7.3bn in 9M 2022: CAPMAS Egypt-US trade exchange increases to $7.3bn in 9M 2022: CAPMAS
Ad image

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe

Latest News

Egypt’s IDA gears up to provide its services for investors online
Egypt’s IDA gears up to provide its services for investors online 
Business
Iranian FM says Tehran, Moscow taking final step toward signing long-term cooperation agreement
Iranian FM says Tehran, Moscow taking final step toward signing long-term cooperation agreement
Politics World
Egypt. Germany discuss promotion of cooperation in communications, digital transformation
Egypt, Germany discuss promotion of cooperation in communications, digital transformation
Business
Egypt-Australia trade exchange reaches AUD 1bn in FY2022: Ambassador
Egypt-Australia trade exchange reaches AUD 1bn in FY2022: Ambassador
Business
//
Egypt’s only independent daily newspaper in English. Discuss the country’s latest with the paper’s reporters, editors, and other readers.

Quick Link

  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

© 2023 DNE News. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?