Bloomberg News

Medical Park to Invest $300 Million in Hospital Chain, Star Says

August 16, 2012

Medical Park, a Turkish hospital operator that’s 40 percent-owned by Carlyle Group LP (CG:US), plans to invest $300 million over two years to set up a hospital chain in Turkey, Star reported, citing Chairman Muharrem Usta.

The company will open two hospitals in Istanbul and one each in Ankara and Izmir, under the Liv Hospital brand, and will sell a stake to help finance the investment, the newspaper cited Usta as saying.

Medical Park hopes the hospitals will earn $100 million of revenue from health tourism, Star said.

To contact the reporter on this story: Ercan Ersoy in Istanbul at eersoy@bloomberg.net

To contact the editor responsible for this story: Benedikt Kammel at bkammel@bloomberg.net


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Companies Mentioned

  • CG
    (Carlyle Group LP/The)
    • $33.16 USD
    • 0.15
    • 0.45%
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