Turkish healthcare group makes 125-mln-euro investment in Bulgaria
ISTANBUL - ReutersPrivate Turkish healthcare services provider Acıbadem Hospitals Group said on April 21 that it had agreed to buy 100 percent of Bulgarian private hospital group Tokuda and a majority stake in Bulgaria’s City Clinic for a total of 125 million euros.
According a statement by the company, Acıbadem will become the biggest private healthcare provider in Bulgaria with four hospitals and four medical clinics upon the completion of the deals.
While Acıbadem bought some 100 percent of Tokuda, it acquired 76.5 percent of City Clinic Group, according to the statement.
Acıbadem chair Mehmet Ali Aydınlar said these acquisitions were a part of the group’s strategy to focus on crucial developing markets in Central and Eastern Europe, as well as the Balkans.
“With our latest investments, we offer services in four countries through 22 hospitals and 17 medical clinics… Bulgaria will become an attractive heath tourism center in the region in the upcoming period,” he said.
Tokuda has a hospital with the bed capacity of 550, a medical center, a clinical research center, a pharmacy and a care center in Sofia, according to the statement.
City Clinic has two hospitals in Sofia, one hospital in Burgas and a medical center in Varna.
Acıbadem had previously acquired a hospital in Macedonia in 2011.