Al Borg Group to tie up with Al Mokhtabar

The two leading diagnostic labs in Egypt, Al Borg and Al Mokhtabar,  have announced their intent to merge and create the largest medical diagnostics business in the Middle East and South Asia with an estimated market share of less than 10% in the Egyptian medical diagnostic market.  The Chief Executive Officer of the combined group, will be the current promoter and Chief Executive Officer of Al Mokhtabar Laboratories, Dr. Hend El Sherbini, Professor of Clinical Pathology at the Faculty of Medicine, Cairo University. Al Mokhtabar Laboratories was founded in 1979 as a single laboratory in Cairo, Egypt, by Dr. Moamena Kamel, Professor of Clinical Pathology at the Faculty of Medicine, Cairo University. With an expansionary focus and under the leadership of Dr. Moamena Kamel and Dr. Hend El Sherbini, Al Mokhtabar evolved into one of the leading and most respected laboratory chains in the region, with a presence in Egypt, Sudan and Saudi Arabia. Founded in 1991, with its headquarters in Egypt, Al Borg Laboratories is the first medical-laboratory company in the Middle East to implement an efficient hub-and-spoke business model, allowing it to quickly become the largest privately owned laboratory group in the region. Through its central laboratories in Cairo, Amman and Khartoum and its several satellite laboratories across different cities, Al Borg offers extensive laboratory medical diagnostics services. The company was listed on the EGX in 2006 and subsequently delisted in 2010 following its acquisition by Integrated Diagnostics Holdings in 2008 to focus on market expansion. From gulftoday