9/17/2008

Strategic partnership to make Acibadem a regional player in healthcare

Gulf News - Abraaj Capital said it has entered into a strategic partnership with Capital Investment LLC, a leading private institutional investment house based in Abu Dhabi. The deal aims at supporting the domestic growth and international expansion of Acibadem Healthcare Services, Turkey's leading healthcare provider, which is one of Abraaj Capital's portfolio companies. Abraaj Capital and Mehmet Ali Aydinlar, a founder and the Chief Executive Officer of Acibadem, earlier acquired a majority stake in the Turkish firm through a joint venture holding company. The new partnership between Abraaj Capital and Capital Investment will accelerate the development of the healthcare group and facilitate the long-term expansion of its healthcare services in the Menasa region (Middle East, North Africa South Asia region), where the existing supply of high-quality medical services is generally insufficient.

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