2023-05-13 12:55:23
The Moroccan operator of clinics Oncorad plans an IPO on the Casablanca Stock Exchange within three years to finance its expansion plan. The group will thus benefit from the growing demand for health services as Morocco generalizes health insurance, writes the agency Archyde.comquoting Oncorad CEO Redouane Samlali.
The company succeeded in raising 458 million dirhams (45.5 million dollars) from private equity firms: CDG Invest Growth (Morocco) and Stoa (France). A capital increase “conducive to the issuance of an IPO in three years,” explained the CEO of the group. “Oncorad plans to spend 3 billion dirhams to increase its facilities to 30 by 2026, once morest 13 currently,” he added following the signing ceremony.
Redouane Semlali said his group had started hiring a dozen foreign doctors and also planned to set up its own training center in the northern town of Nador. “The private sector will help ease the burden on public hospitals, as the demand for health services is expected to increase with the expansion of health insurance,” he noted.
Archyde.com recalls that Akdital, another operator of private clinics, issued the last IPO on the Casablanca stock exchange in December 2022.
1684003777
#Oncorad #plans #IPO #years
