MCI Capital Healthcare Partners Medical Care LLC made an offer to acquire 26.21% stake in Cleopatra Hospital Group S.A.E. (CASE:CLHO) for EGP 2.1 billion on December 8, 2021. As per terms, MCI Capital seeks to acquire 419.34 million shares at a price of EGP 5 per share. Care Healthcare, a 37.87% subsidiary of Cleopatra Hospital Group, has signed an agreement with MCI Capital to offer a minimum of 125.96 million shares, accounting for 7.87% of CHG, and a maximum of 192 million shares, representing 21% of the company's capital.

The transaction is subject to the approval of Financial Regulatory Authority. On December 9, 2021, Financial Regulatory Authority of Egypt approved the transaction. The board of directors of Cleopatra Hospitals approved the transaction on December 20, 2021.

The offer will open on December 13, 2021 and close on December 22, 2021.