Casablanca – Akdital, Morocco’s leading private healthcare group, continues its growth and investment in the country’s health infrastructure. With a focus on expansion and modernized healthcare facilities, the group has established itself as a key player in the Moroccan private health sector, marking significant achievements in both performance and territorial coverage.

51% revenue growth in Q2-2024

In the second quarter of 2024, Akdital reported a remarkable 51% increase in revenue, amounting to $65.67 million, up from $46.19 million during the same period in 2023. This strong performance was largely driven by the opening of several new facilities, including hospitals and clinics in cities such as Fes, Mohammedia, Bouskoura, and Beni Mellal in 2023. The opening of the Ibn Nafis International Hospital in Marrakech and the Mogador International Clinic in Essaouira in 2024 further contributed to this growth.

Expanding healthcare facilities and capacity

Akdital has been rapidly expanding its footprint across Morocco. With the inauguration of its 25th healthcare facility, the Tetouan Private Hospital, in August 2024, Akdital now operates 33 establishments in 24 cities. This latest facility in Tetouan is equipped with state-of-the-art technology, featuring an intensive care unit with 35 beds, a cardiology department with advanced technology for treating cardiovascular diseases, and comprehensive radiology and neonatal care services. The hospital has a total capacity of 130 beds and 8 ultra-modern operating rooms.

The group’s expansion has increased its total bed capacity to over 2,425, a significant rise from the 2,022 beds it operated in the first quarter of the previous year. Akdital is on track to achieve its goal of reaching over 3,700 beds by the end of 2024, further enhancing its ability to serve the healthcare needs of Moroccan citizens.

Strategic investments in 2024

To support its expansion, Akdital has made substantial investments. In Q2-2024, the group invested $39.59 million, a 13% increase compared to the same period in 2023. These investments have been directed towards equipping new facilities and upgrading existing infrastructure. The transfer of real estate assets from two of the group’s investment companies, Tahafa and Bayt Al Atfal, to the OPCI “Syhati Immo” for $13.61 million also marked a strategic financial move.

Akdital’s net investment for the first half of 2024 totaled $58.55 million, aligning with its ongoing strategy of development and innovation in the healthcare sector.

Aiming for nationwide growth

With an ambitious expansion program, Akdital plans to open 12 new healthcare facilities by the end of 2024, three of which are already operational. The group’s strategic approach is focused on addressing high-demand areas in Morocco, contributing to the overall improvement of healthcare access in the country. Akdital’s expansion aligns with national efforts to support the universalization of Mandatory Health Insurance (AMO), ensuring quality care is accessible to a larger segment of the population.

The group’s entry into the Casablanca Stock Exchange in December 2022, following a successful capital increase in July 2024, has provided additional financial backing for its growth plans. This has positioned Akdital to continue playing a pivotal role in transforming Morocco’s healthcare landscape.

A promising future for morocco’s private health sector

Akdital’s sustained performance and investments reflect the group’s commitment to enhancing healthcare services across Morocco. By investing in modern facilities, advanced medical technology, and skilled healthcare professionals, Akdital is not only expanding its presence but also contributing to the broader goal of improving the country’s healthcare system.

With its ambitious expansion plans and continued financial growth, Akdital is set to remain a dominant force in Morocco’s private healthcare sector, ensuring access to world-class medical services for the nation’s growing population.