KUALA LUMPUR: IHH Healthcare Bhd, via subsidiary Acibadem Healthcare Group, is acquiring the entire stake in Kent Health Group, a private healthcare service provider in Izmir, Turkey.
Founded in 2004, Kent operates the largest private hospital in Izmir – the 340-bed Izmir Kent Hospital with an attached cancer centre – as well as two medical centres in the city.
Acibadem founder and chairman Mehmet Ali Aydınlar said the transaction aligned with the growth strategy in the country.
"We are pleased to be providing our services to the community by adding Kent Health Group, a prominent player in Izmir's private healthcare arena, to our portfolio," he said in a statement today.
Kent chairman at MidEuropa Matthew Strassberg said over the past decade, MidEuropa had actively supported Kent's management team as it invested to more than double Kent's capacity.
This included the greenfield construction of a state-of-the-art oncology centre and the opening of a new satellite facility.
"The acquisition by Acibadem validates the strategic value generated by Kent though these investments and ensures the continuity of focus on medical and service excellence for the benefit of patients and other stakeholders," he said.
Izmir Kent Hospital will be Acibadem's 19th hospital in Turkey and 25th globally.
The number of medical centres in Acibadem's network will increase to 16 with this acquisition.
The transaction is expected to close during the first quarter of 2023 following the completion of necessary regulatory approvals.