5/5/2011

Turkish hospital chain to grow with global investors

Hurriyet Daily News - ADM Capital, a prominent private equity investor in Turkey's region, PGGM, the Dutch pension fund administrator and asset manager, and IFC, a member of the World Bank Group, have agreed to make a combined equity investment of USD 140 million in the Universal Hospitals Group of Turkey, one of the country's largest hospital networks and healthcare providers.

The investment will support the expansion of the Universal Hospitals Group's operations across the country, including non-major cities and provinces, a press release by the hospital chain said on Wednesday. With new hospital openings planned for this year, the Universal Hospitals Group will operate 18 hospitals in 12 cities in the Central Anatolia, Aegean, southern and eastern regions in addition to Istanbul, and will have one of the widest coverage among the private healthcare networks in the country, said the press release.
Turkey; healthcare sector; healthcare investment; foreign investor; universal hospitals; adm capital; pggm; ifc; private hospital

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