Under this cooperation, Suez Canal Bank will act as the financing partner, providing funding to healthcare providers. eHealth will serve as the technology solutions provider, while eAswaaq will act as a marketing channel by offering its platform and sales team to attract clients and refer them to the bank to fulfill the required guarantees. The financing provided will include the cost of subscribing to the “Clinic Plus” system, with the bank paying its cost directly to eHealth. This aims to facilitate healthcare entities’ access to financing through an advanced digital system that enables the nomination of eligible clients and accelerates evaluation and approval processes.
The cooperation also includes initiating the procedures to integrate the “Clinic Plus” platform, a fully integrated cloud-based system for managing medical facilities, into the offered financing packages. The licensing cost will be included within the financing structure, enabling clients to adopt digital solutions easily and without additional burdens, which will directly improve operational efficiency and service quality.
In this context, Mr. Akef El Maghraby, CEO and Managing Director of Suez Canal Bank, stated that the bank is keen on expanding strategic partnerships to support vital sectors, noting that this cooperation reflects the bank’s direction towards providing more integrated and flexible financing solutions that support digital transformation in the healthcare sector, enabling healthcare providers to develop their businesses and improve service efficiency.
He added that the cooperation with eHealth contributes to offering a new model that links financing with technological solutions, which helps accelerate financing procedures and achieve higher efficiency in meeting clients’ needs.
For his part, Mr. Ibrahim Sarhan, Chairman and Managing Director of eFinance Investment Group for Financial and Digital Investments, said that this partnership with Suez Canal Bank represents an integrated model of cooperation between fintech institutions and the banking sector to drive digital transformation in the healthcare sector. Through eHealth, the group works on providing advanced digital solutions that improve the management efficiency of medical facilities and enhance the quality of healthcare services.
He also noted that the cooperation with Suez Canal Bank enhances their ability to expand the use of the “Clinic Plus” platform by offering innovative financing mechanisms that support the spread of digital solutions, in line with the state’s direction towards building a digital healthcare system.
Mr. Shehab Zidan, Deputy CEO and Managing Director of Suez Canal Bank, stated: “Through this partnership, we aim to strengthen the role of Suez Canal Bank as a key enabler of digital transformation in vital sectors, especially the healthcare sector, by offering integrated financing solutions that go beyond the traditional concept of financing to include supporting technology adoption. Our cooperation with eHealth comes within our vision to deliver real added value to clients by linking financing with digital solutions, which contributes to improving operational efficiency and enhancing healthcare service quality. We are also working to expand our client base in this vital sector through innovative financing models characterized by flexibility and sustainability.”
Mr. Omar Nasser, Head of SMEs at Suez Canal Bank, stated: “This cooperation comes within the bank’s strategy to support the SME sector, particularly in the medical field, which is witnessing promising growth opportunities. Through this partnership, we aim to provide tailored financing solutions that meet the needs of clinics and medical centers, whether for expansion, equipment upgrades, or transitioning to digital systems. The cooperation also provides an effective mechanism to reach new clients through our partners, while accelerating and simplifying financing procedures, which enhances the ability of these projects to grow and sustain.”
Mr. Akram Reda, CEO of eHealth, explained that “Clinic Plus” is a fully integrated cloud-based platform designed with doctors’ needs at its core, enabling comprehensive management of daily operations and providing analytical tools that support decision-making, which contributes to improving patient experience and enhancing operational efficiency within healthcare facilities.
Mr. Adel Mubarak, CEO of eAswaaq Egypt, said: “We are proud of this partnership with Suez Canal Bank and eHealth to launch innovative financing solutions for the medical sector, reflecting eFinance Group’s vision to empower vital sectors through technology. Through our digital infrastructure, we support financial institutions in providing easy and efficient saving and lending services, helping healthcare providers grow and expand. We believe that ‘Clinic Plus’ represents an important step towards enhancing financial inclusion and digital transformation in the healthcare sector.”
About Suez Canal Bank:
Suez Canal Bank is an Egyptian joint stock company established as a commercial bank in 1978. The bank’s issued and paid-up capital amounts to EGP 10 billion, with 1000 million shares, while its authorized capital stands at EGP 15 billion. The bank provides a wide range of banking solutions, products, and financial services to corporate and individual clients through 56 branches across Egypt and a representative office in Libya, including a branch dedicated to Islamic transactions. It also operates a network of ATMs across Egypt, in addition to a network of correspondents worldwide.
About eHealth:
eHealth is a company specialized in developing and operating digital technology solutions in the healthcare and insurance sectors.
It is worth noting that eHealth is an Egyptian joint stock company and a sister company to eFinance Investment Group for Financial and Digital Investments. It was established pursuant to the Prime Minister’s Decree No. 2118 of 2021, with the purpose of managing and operating technological services for the comprehensive health insurance system, as well as providing specialized digital services for the health insurance and healthcare sectors across Egypt.
About eAswaaq:
eAswaaq is one of the subsidiaries of eFinance Investment Group for Financial and Digital Investments. It was established in 2019 and is specialized in building and operating electronic marketplaces. The company has extensive experience in developing digital platforms that connect businesses with customers and facilitate commercial operations in accordance with the latest global standards.