EADG Appointed Infra Financials as MLA for USD100M in Debt & Equity » Infra Group
Infra Financials is pleased to announce its appointment as the Mandated Lead Arranger (MLA) by Ethio-American Doctors Group (EADG) for raising capital in debt and equity arrangement and structuring of USD 100M for the first tertiary hospital in the nation’s capital Addis Ababa, Ethiopia.
Accordingly; EADG Inc. is to develop Healthcare City on 150,000 sq. meters of land in Addis Ababa, Ethiopia. The core of the “Healthcare City” Development is a 300-bed state-of-the-art, internationally accredited tertiary hospital with a full diagnostic and treatment center, eight operating rooms, and two catheterization labs; an outpatient medical office building; a cancer treatment center; and a central plant. The Healthcare City phase one development cost around US$ 110,000,000 (one hundred ten million United States Dollars).
The agreement was signed by Mo’Ab Merid Group Executive Director of Infra Group and Mel Melaku Negussie Chief Operating Officer of EADG on April 19, 2018.
For more information contact:
Corporate Communication Officer-Infra Group