PTS Investments acquires part of Egypt’s healthcare firm EDAM

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.