In July 2010, Fouad Khoury Hospital and Abdel Aziz Medical Center became part of the Bikhazi Medical Group Holding, also known as BMG. The establishment of BMG is part of the overall refurbishment and institutionalization of this medical center, a landmark in the heart of Ras Beirut.

Foaud Khoury Hospital & Associates S.A.L was established in 1957 by Dr. Fouad Khoury in an apartment lose to his residence in Wardieh area. In the early days as it was a common practice, Dr. Khoury used the clinic for minor Gynecological procedures and deliveries. In 1960, Dr. Fouad Khoury moved the premise of the hospital to its actual location, (Abdul Aziz Street, Maktabi Bldg.). This building was originally the MEA headquarters, before moving to the Airport and Gefinor Building.

In 1975, when hostilities broke in Lebanon, Dr. Fouad Khoury closed the hospital and moved to live in Paris for security reasons. During the ensuing months of war, the American University of Beirut – Medical Center (AUBMC) was extensively serving as a field hospital for the fighting factions. Many times, it even became difficult to admit a civilian emergency from the region of Ras Beirut to the American University of Beirut – Medical Center. At that time, a group of physicians from AUH faculty took the initiative to reopen the hospital for the purpose of serving the Lebanese community in such harsh times. Dr. Khoury expressed interest in selling the hospital as he had decided to retire and live in Paris.

From 1976 till 1984 the hospital was catering for all elective surgeries. AUBMC was overwhelmed with war casualties and emergencies, and had neither the place nor the staff to handle other cases.

During the civil war, on July 1st, 1984 Dr. Kamal Bikhazi, a general surgeon and AUB-MC faculty, took over the hospital to become its General Manager. His growing interest and affinity to this institution, put him in the lead at all levels and eventually to buy all the shares of the hospital. By end of 1984, he became the sole owner.

The hospital was originally a total of 37 beds. However, with the establishment of new departments and expansion of other ones the hospital held 25 beds for a period of ten years. It functioned with three operating rooms, one endoscopy unit, two private clinics, and a Laboratory department.

June 2005 was a turning point in the life of FKH. A series of events took place to put the hospital in a leading position in the healthcare market, as well as create an institution with full-fledged medical care.

FKH went through many renovations and enhancements until it took off a major renovation project in 2007. This project was essential for the hospital infrastructure as well as to expand. Hospital services were spread over the entire building with a state-of-the-art and well-designed medically-engineered plan. A major reconstruction project changed the path of the hospital and gave it an edge in its field. The renovation project includes a major comprehensive Operating Room ward, an Intensive care Unit, a very well-equipped and fully PACS, Radiology Department and fully comprehensive Laboratory set-up, a complete ER, a private clinic department and an Ophthalmolgy clinic setup, a friendly set up for Endoscopy unit and one day surgery unit. The hospital employs close to 200 staff members. Its medical staff and physicians are all American or equivalent-to board certified doctors.

In June 2010, Fouad Khoury hospital signed a Memorandum of Understanding with the American University of Beirut-Medical Center. In this agreement, the two institutions have formalized and officialized their previous and longstanding cooperation.