Speed Medical eyes EGP 175M new investments in 2022

Updated 12/5/2021 12:09:34 PM

ArabFinanceSpeed Medical Company (SPMD) is planning to pump EGP 175 million new investments in 2022, the company revealed in a statement filed to the Egyptian Exchange (EGX).

The company aims at bringing the total number of its medical labs to 185 by the end of 2022 from the current 135 branches, Speed Medical noted.

Moreover, the company plans to expand in the field of specialized clinics.

The company also targets increasing the capacity of Speed Hospital in El Obour to 140 beds from 65 beds.

Established in December 2015 and listed on the EGX since March 2019, Speed Medical is a Cairo-based company that operates in the healthcare sector.