Companies to invest 2 bln euros in hospitals

Companies to invest 2 bln euros in hospitals

ISTANBUL - Reuters
Companies to invest 2 bln euros in hospitals

Minister Mehmet Müezzinoğlu (C) attends the financing launch meeting.

Rönesans Holding and international investment fund Meridiam Infrastructure have announced they will invest in 2 billion euros to five health facilities in Turkey through a press meeting on Dec. 19.

They have already provided 433 million euros of financing for an integrated health campus in the southern province of Adana, the companies announced in the meeting.

“We have secured the 433 million euros of loans from nine international banks to be paid back in 18 years. We’ll be providing the remaining amount for the Adana facility from the equities of Meridiam and Rönesans,” said Meridiam CEO Thierry Deau.

A total of 540 million euros will be invested into the facility, he added.

Both groups plan to invest a total of 2 billion euros to five huge health complexes in Turkey, including the facility in Adana.

Rönesans Holding Chairman Erman Ilıcak said they will be securing the financing of all of these projects by the end of the second quarter of 2015.

Turkey plans to launch new tenders for the construction of new health facilities with a total of a 24,000 bed capacity in the scope of the Public-Private-Partnership (PPP) model, said Health Minister Mehmet Müezzinoğlu.

“Other than the PPP projects, we have already been building 216 new hospitals with the total bed capacity of 32,000 upon state funds … We plan to be the health center of the region by the end of 2017 with our newly established hospitals with the a total bed capacity of 95,000,” he added.