According to bank provided information, the proposed IFC investment is up to US$45 million A loan to finance IDH’s general corporate purposes including CAPEX and investments.
Integrated Diagnostics Holding PLC (“IDH” or the “company) is a leading consumer healthcare company in the Middle East and Africa with operations in Egypt, Jordan, Sudan and Nigeria. In Egypt, IDH has developed a hub, spike and spoke model with each lab contributing differently to the company operational model and diagnostic process. Hubs are represented by Mega Labs, or A Labs (1 lab), where most of the samples are tested; Spokes or B Labs (7 labs) are primarily collection points with some basic testing capabilities, while spikes or C Labs (402 number), are only samples collection points. As of September 30, 2020 the company operates out of 471 locations of which 419 are in Egypt; 19 branches in Jordan, 12 in Nigeria, and 21 in Sudan.
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