Private healthcare providers in Morocco made up 15% of the country’s overall healthcare market in 2021.

Rabat - ODM Group, a French healthcare company specialized in cancer treatment, has announced issuing the first bond dedicated to raising funds for Morocco’s private health sector.

After securing approval from Morocco’s stock exchange authorities, AMMC, the ODM Group can now raise up to MAD 80 million ($7.7 million) from institutional investors, the company said in a statement.

ODM’s Chairman and CEO, Mohamed Elmandjra, said that the bond “asserts” ODM’s strong market position. “ODM has always been at the forefront of structuring the private health sector in Morocco,” he added.

Elmandjra went on to note that OMD Group is “the first health group to attract foreign investments and the first group to deliver financial services in compliance with international auditing standards.”