arabtoday
Last Updated : GMT 14:30:44
Arab Today, arab today
Arab Today, arab today

Healthcare giants eye key stake in Turkey\'s largest hospital chain

Arab Today, arab today

Arab Today, arab today Healthcare giants eye key stake in Turkey\'s largest hospital chain

Istanbul – Arabstoday

Parkway Holdings, Life Healthcare Group Holdings and Fortis Healthcare International are among suitors for a stake in Turkey\'s largest hospital chain, Acibadem Saglik Hizmetleri & Ticaret, said three people with knowledge of the sale process. Buyout firms that may bid include Cinven and CVC Capital Partners, said the people, who asked not to be identified as the process is private. Dubai-based Abraaj Capital, which owns 46 per cent of Acibadem, hired Goldman Sachs Group and Bank of America Merrill Lynch in June to study options for the stake. Acibadem has a market value of 1.8 billion lira (Dh3.67 billion). Abraaj may prefer to sell the shares in the Istanbul-based hospital operator to another healthcare company rather than an investment fund, though bids haven\'t been collected yet, two of the people said. Acibadem runs 11 general hospitals, eight medical centres and a laboratory and genetic diagnostic centre in Turkey, according to its website. Acibadem was unchanged at 18.20 lira at 2:58pm in Istanbul trading. Abraaj and the Aydinlar family each own half of Almond Holding, which in turn owns about 92 per cent of Acibadem. The Aydinlar family is not involved in the sale, Acibadem Chairman Mehmet Ali Aydinlar said yesterday in a telephone interview. \"Abraaj is selling its stake only, and I know there\'s lots of interest from all over the world,\" he said. Two calls to Abraaj\'s Turkey manager, Selcuk Yorgancioglu, weren\'t answered. Representatives at Parkway, the hospital operator owned by Malaysian sovereign wealth fund Khazanah Nasional Bhd, CVC, Cinven and Life Healthcare declined to comment. Vishal Bali, chief executive officer of Fortis\'s global healthcare unit, did not respond to two e-mails and a call seeking comment. A sale agreement may be reached by the end of the year, one of the people said.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today healthcare giants eye key stake in turkey\s largest hospital chain Arab Today, arab today healthcare giants eye key stake in turkey\s largest hospital chain

 



Arab Today, arab today
Arab Today, arab today Adidas Originals ‘reinterpreted’

GMT 14:52 2016 Thursday ,01 December

Adidas Originals ‘reinterpreted’
Arab Today, arab today Holiday magic is everywhere

GMT 13:04 2016 Saturday ,03 December

Holiday magic is everywhere
Arab Today, arab today Paris's matchbox apartments

GMT 10:37 2016 Saturday ,24 September

Paris's matchbox apartments
Arab Today, arab today First buses take Aleppo residents back

GMT 07:33 2016 Monday ,05 December

First buses take Aleppo residents back
Arab Today, arab today What next after landmark

GMT 09:01 2016 Saturday ,03 December

What next after landmark
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Dino-killing crater shows clues

GMT 14:43 2016 Thursday ,24 November

Dino-killing crater shows clues
Arab Today, arab today Dubai Women Establishment delegation

GMT 13:00 2016 Monday ,05 December

Dubai Women Establishment delegation
Arab Today, arab today To battle Japanese whaling fleet

GMT 11:53 2016 Monday ,05 December

To battle Japanese whaling fleet
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Hyundai allows Saudi journalists

GMT 15:14 2016 Thursday ,01 December

Hyundai allows Saudi journalists
Arab Today, arab today Latest Infiniti QX to compete

GMT 13:16 2016 Saturday ,26 November

Latest Infiniti QX to compete
Arab Today, arab today Trump, politics on the mind

GMT 12:58 2016 Friday ,02 December

Trump, politics on the mind
Arab Today, arab today Green groups pressure Spain

GMT 13:01 2016 Thursday ,01 December

Green groups pressure Spain

GMT 11:44 2016 Thursday ,01 December

Austria's race against time

GMT 08:00 2016 Saturday ,03 December

For Yazidi women left behind

GMT 04:15 2016 Thursday ,30 June

World's largest uncut diamond fails

GMT 13:01 2016 Tuesday ,29 November

Car manufacturers to power Europe

GMT 15:59 2015 Wednesday ,27 May

Seoul elevates gardening to high art

GMT 12:39 2016 Saturday ,26 November

Skin patch could help kids

GMT 13:19 2016 Monday ,21 November

New nationalism stoking fears

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 09:53 2016 Sunday ,15 May

OMEGA official timekeepers
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Powered and Developed by FilmMatters

Copyright © 2016 Arabtoday

Developed by FilmMatters

© 2016 Arabtoday

arabtoday arabtoday arabtoday
arabtoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabtoday, Arabtoday, Arabtoday