Turkey's Acıbadem plans to acquire an 80% stake in the Bayındır group for a sum of $55 million.
Acıbadem, the largest hospital operator in Turkey, has announced its acquisition of an 80% stake in Bayındır Healthcare Group for $55 million. This deal values Bayındır Healthcare Group at $80 million [1][2].
With this acquisition, Acıbadem will operate 29 hospitals in Turkey, marking a significant expansion of its presence in the country. The three Bayındır hospitals included in the deal have not been specified [1].
Mehmet Ali Aydınlar, the chairperson of Acıbadem, made the announcement on Tuesday. The acquisition does not affect the ownership structure of Acıbadem, as it is still majority-owned by IHH Healthcare Berhad, a Malaysian company [1].
Isbank, the lender that sold the stake, will retain a 20% stake in Bayındır Healthcare Group and continue to be active in the hospital field. Hakan Aran, the chief executive of Isbank, will remain on the board of Bayındır [1].
Under the new ownership, the facilities under Bayındır Healthcare Group will operate under the combined “Acıbadem-Bayındır” brand, with plans for expansion and new facility development led by Acıbadem [2].
This acquisition represents a shift in Isbank's role from majority owner to a strategic minority shareholder with board representation. Isbank will continue to have an active role in the healthcare sector, influencing governance and strategic decisions [1][2].
In addition to operating hospitals, Acıbadem also provides various health care services in Turkey [1]. The details of the valuation do not include a breakdown [1][2].
[1] Hurriyet Daily News. (2022, March 22). Acıbadem to buy 80% stake in Bayındır Healthcare Group for $55 million. Retrieved from https://www.hurriyetdailynews.com/acibadem-to-buy-80-stake-in-bayindir-healthcare-group-for-55-million-178909
[2] Anadolu Agency. (2022, March 22). Acıbadem to buy 80% stake in Bayındır Healthcare Group for $55 million. Retrieved from https://www.aa.com.tr/en/economy/acibadem-to-buy-80-stake-in-bayindir-healthcare-group-for-55-million/2245674
- The health-and-wellness industry in Turkey is undergoing a change with Acıbadem's acquisition of an 80% stake in Bayındır Healthcare Group, as this move signifies a potential expansion in finance and business opportunities for the combined entity.
- Beyond hospitals, Acıbadem also offers diverse health care services, suggesting a broader commitment to the health sector and wellness industry.
- The collaboration between Acıbadem and Bayındır Healthcare Group will bring together science, medicine, and finance to foster innovation and improved health care deliveries in Turkey, setting an example for the broader health-and-wellness industry.
