Grinta Acquires City Clinic, Expanding its Healthcare Footprint in Egypt and Beyond

Editorial Team

Last updated 18-03-2025

2 min

Grinta acquires City Clinic, gaining access to over 150,000 patients in Egypt.

The acquisition follows strategic funding from Beltone Venture Capital and Raed Ventures.

Grinta plans to expand into East Africa, including launching its pharmacy chain in Tanzania.

Both investors express enthusiasm for Grinta's innovative approach and market adaptability.

Their journey offers valuable insights for start-ups in healthcare and pharmaceuticals.

In a move set to shake up Egypt's healthcare sector, Grinta, a prominent provider of health solutions and pharmaceuticals, has snapped up the City Clinic chain of primary care clinics. The acquisition will give Grinta instant access to more than 150,000 patients, positioning it strongly within Egypt’s competitive healthcare market.

The deal arrives on the back of Grinta securing fresh strategic funding from Beltone Venture Capital and Raed Ventures. Interestingly, the exact terms and valuation of this latest investment round remain under wraps.

Expressing enthusiasm for this latest chapter, Ali Mokhtar, Managing Director at Beltone Venture Capital, remarked: "We're excited to join forces with Grinta on their onward journey of reshaping Egypt and the region’s healthcare and pharmaceutical industries. Their sharp strategic focus on primary care and retail channels clearly demonstrates their knack for adapting swiftly to evolving market needs and staying firmly ahead of the game."

Likewise, Wael Nafie, Partner at Raed Ventures, shared similar optimism: "We couldn't be happier backing Grinta and their talented management team once again. Their innovative style continues to drive their ambitions for growing their healthcare provisions and enhancing service quality across emerging markets."

Alongside boosting their local advencement, Grinta is also expanding its reach in East Africa following promising results from its ventures in Tanzania. This expansion strategy includes exporting products and teaming up with Egyptian pharmaceutical manufacturers. The firm is also gearing up to roll out its own pharmacy chain across Tanzania, bolstering its presence in the continent’s thriving retail pharmacy segment.

For regular readers over at Arageek, their journey has plenty of lessons in agility and innovative thinking that emerging start-ups could benefit from. Whether or not Grinta's bold steps will inspire similar moves from other players in the industry remains to be seen, but it's certainly a development worth keeping an eye on.

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