EGYPT – Dawi Clinics, the largest chain of outpatient care in Egypt, has scooped up US$8 million (250 Egyptian pounds) in an investment round led by Al Ahly Capital Holding (ACH).
This round was bolstered by additional investments from the Egyptian-American Enterprise Fund (EAEF), a US Congressionally-supported investment fund, and existing investors of Dawi.
It follows the Egyptian-American Enterprise Fund’s investment of US$3 million into Dawi Clinics, a strategic step taken by the two entities to support the growth of Egypt’s healthcare sector.
The new capital infusion will empower Dawi to expedite the expansion of its chain of clinics across the Egyptian market by opening 30 new branches.
A similar Egyptian invention, Yodawy’s platform allows insurance companies, medical providers, pharmacies, and pharmaceutical companies to offer an exemplary customer journey to patients, anywhere in the country.
Dawi aims to improve the medical and healthcare level in Egypt, reach different groups and segments of society, and facilitate treatment for them at reasonable prices that suit their needs.
For this reason, Dawi will use the fresh funds to improve patient access to coordinated family care services provided by highly-skilled doctors across multiple specialties.
Commenting on the close of the company’s investment round, Magda Habib, Co-founder and Chief Executive Officer (CEO) of Dawi Clinics, said: “Securing new investments amid ongoing local and global economic challenges is a testimony to the value inherent in the Egyptian market.”
With backing from ACH, the local investment arm of the National Bank of Egypt (NBE), Dawi is expected to revolutionize Egypt’s healthcare market by offering consumers a comprehensive offering of health services through its primary care clinics.
ACH is working on its own healthcare platform to enhance healthcare provision services, partner with doctors, and standardize performance and services across geographies.
In turn, the new investments will build on ACH’s strategy for its healthcare platform to provide high-quality affordable healthcare services across the country.
Currently, Dawi Clinics operates 20 branches across 10 governorates. The company offered its services to a total of 100,000 patients across at least six Egyptian provinces in 2022 alone.
Dawi Clinics’ unique operating model “Dawy” delivers better health outcomes by handpicking physicians and enabling them to work in a coordinated manner.
Through a cloud-based medical electronic record platform, Dawi will keep all patient medical data on file as the company continues to cement its presence in the key governorates of Egypt.
This medical technology platform allows physicians to manage and analyze data, communicate with patients remotely, offer loyalty programs, and integrates health care for clients with clinics.
Dawi’s medical records are computerized, clinical guidelines are standardized and modeled on international best practices, and full-time doctors are salaried.
“Clinics are quite fragmented in Egypt. They are based on the reputation of individual doctors and lack any corporate structure. Dawi comes in with this corporate structure that ensures quality control and standard operating procedures,” observed Ms. Habib.
With the latest funding, Dawi will continue to automate its medical technology platform to provide quality, affordable healthcare to more consumers across Egypt.
ACH was represented in the investment round by MHR & Partners in association with White&Case, EAEF was represented by Nour & Partners in association with Al Tamimi & Company while Dawi was represented by Ibrachy Legal Consultancy (I&P).
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