Speed Medical signed a memorandum of understanding to acquire of Al Safwa Hospital on February 19, 2020. The agreement will be signed later this year. The company also approved the credit contract submitted by EFG Hermes Leasing Company to finance its part of the acquisition with a value of EGP 92.5 million. As of September 6, 2021, the company has signed several acquisition deals that are currently awaiting the Ministry of Health's approval, including 50%+1 share in Safwa Hospital for EGP 92.5 million as well as an additional investment of EGP 70 million