CDG Capital Private Equity, a growth equity investor in Morocco, has acquired a minority interest in Group Oncorad, a private healthcare provider focused on oncology and radiology.

The investment was made through the fund Capmezzanine II SCR through a capital increase. 

Oncorad was founded in 1999 by Pr. Redouane Samlali and Dr. Omar Hajji.  

Their first centre was Clinique le Littoral which opened in 2000 in Casablanca. 

Through the years, Clinique le Littoral has become the largest oncology centre in Morocco in terms of number of patients treated and the range of treatments available. The centre operates three radiotherapy accelerators, one MRI, a PET Scan, a scanner and 3D mammography, all of which using the latest technologies.

On the back of its reputation in Casablanca, the group founded in 2016 Centre d’Oncologie Majorelle in Marrakech in partnership with local doctors. After three years, this centre is today the leading private oncology centre in Marrakech and offers a broad range of treatments to its patients. 

In 2018, the group entered into a partnership with leading doctors in Agadir to start a new oncology and radiology centre that will open in early 2020 to serve patients in the south of Morocco.

The success of Oncorad was built on a strategy focused on investing in advanced and innovative technologies to offer the best treatments for the patients.  

Brahim Guessous, Partner at CDG Capital Private Equity, said: “We are pleased to team up with Pr. Samlali and Dr. Hajji in the next development phase of Oncorad. The founders have built the leading oncology network in Morocco and we are confident that our partnership will help create a major operator in the healthcare sector in Morocco and down the road in Africa.” 

“As the demand for quality care increases, major players will emerge and we are confident Oncorad has all the attributes to succeed in creating best-in-class healthcare facilities.”

Dr. Omar Hajji added: “We chose CDG Capital Private Equity because of the expertise they have built in the healthcare sector and their value-add model for growing companies.”

CDG Capital Private Equity is a regulated financial investment manager licensed by the AMMC (l’Agence Marocaine du Marché des Capitaux).