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27 November 2024

Oncorad

Oncorad is Morocco’s leading private clinic group specialising in cancer treatment and radiology. STOA invested in the company in 2023 with the aim of improving access to healthcare in the country.

Challenges

In Morocco, the expansion of the social security programme launched in 2021 has increased demand for healthcare infrastructure. Limited public spending has led to the growth of private clinics, although they remain concentrated around Casablanca.

The Project

Founded in 2000 by two cancer specialists, Professor Redouane Samlali and Dr Omar Hajji, Oncorad employs around 600 people and runs six clinics in Casablanca, Tangier, Marrakech and Agadir. New facilities are under construction in about a dozen other towns and cities that were not previously covered, including Rabat, Tetouan, Safi and Mohammedia.

Oncorad aims to provide high-quality cancer treatment throughout Morocco, as well as diagnostic services in several cities. The group is also diversifying its medical and surgical services and expanding its obstetrics and pharmaceutical capacities. Thanks to its medical expertise, Oncorad is also involved in scientific research and doctoral training programmes.

Our partnership with STOA is a strategic milestone for Oncorad. It will allow us to diversify our medical, surgical and obstetrical offerings and to provide the highest quality cancer care nationwide.

Pr Redouane Samlali, CEO of Oncorad

Key Facts

Company: Oncorad

Infrastructure: Healthcare

Geographic Area: Morocco

Stake: 24.4%

Since: 2023

Co-shareholders: CDG Invest Growth, Founders

See Project News
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