Morocco: Diaverum acquires CHA in Agadir

Swedish dialysis firm Diaverum has acquired the Agadir Hemodialysis Clinic (CHA) in the city of Agadir, an important international tourist destination in the country.

Financial terms have not been disclosed.

The Agadir Hemodialysis Clinic was founded in 1992 by Bachir Mounib and Haddou Zemare, both widely considered among the pioneers of renal care development and provision in Morocco.

In a statement, Diaverum said that the acquisition reflected the company’s strong M&A pipeline and long term growth strategy that includes continued geographic expansion in selected, high growth potential markets.

It added that the addition of the Agadir Hemodialysis Clinic to its Morocco portfolio will strengthen the role Diaverum plays in the country’s renal care market. Agadir is also a premium tourist destination and will enable the company to extend its programme, which offers patients easy access to Diaverum’s life enhancing renal care when they travel.

“The acquisition of the Agadir Hemodialysis Clinic demonstrates our continuous commitment to our ambitions in Morocco, a country where we wish to become the leading renal care provider,” said Salim Meraouna, Diaverum’s director of operations. “With this acquisition, we will provide more Moroccan patients with access to the highest renal care delivery standards, as well as continue to safeguard their safety and health with our industry-leading Covid-19 policies and global contingency plan.”

Diaverum established a presence in Morocco in 2019 with its first clinic acquisition in Marrakech.