ISTANBUL (Reuters) -Turkey’s largest hospital operator Acibadem has agreed to buy an 80% stake in Bayindir Hospitals from Is Bankasi for $55 million, Acibadem’s Chairman Mehmet Ali Aydinlar said on Tuesday. The deal, which involves three Bayindir hospitals, values the company at $80 million, Aydinlar added, without a breakdown of the valuation. It will increase […]
Health
Turkey’s Acibadem to buy 80% stake in Bayindir Hospitals for $55 million
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ISTANBUL (Reuters) -Turkey’s largest hospital operator Acibadem has agreed to buy an 80% stake in Bayindir Hospitals from Is Bankasi for $55 million, Acibadem’s Chairman Mehmet Ali Aydinlar said on Tuesday.
The deal, which involves three Bayindir hospitals, values the company at $80 million, Aydinlar added, without a breakdown of the valuation.
It will increase the number of hospitals operated by Acibadem in Turkey to 29.
Is Bankasi will retain a 20% stake and General Manager Hakan Aran told a press conference that the bank would remain on the board of Bayindir Hospitals and continue to be active in the hospitals field.
Acibadem, which also operates in healthcare services, is majority-owned by Malaysia’s IHH Healthcare Berhad.
(Reporting by Can Sezer. Writing by Ezgi Erkoyun. Editing by Tuvan Gumrukcu and Mark Potter)