PETALING JAYA: IHH Healthcare Bhd has acquired Kent Health Group, the largest private hospital operator in Izmir, Turkiye.
In a statement yesterday, IHH said its subsidiary, Acibadem Healthcare Group, had entered into definitive agreements to acquire 100% of Kent Health Group.
Founded in 2004, Kent Health Group operates the largest private hospital in Izmir, namely the 340-bed Izmir Kent Hospital with an attached cancer centre, as well as two medical centres in the city.
Commenting on the acquisition, Acibadem founder and chairman Mehmet Ali Aydınlar said he was proud to bring the Acibadem brand to Izmir, which is the third largest city in Turkiye.
“This transaction aligns with our growth strategy in the country and achieves our long-awaited goal to serve the people of Izmir.
“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.”
In the same statement, Kent chairman and MidEuropa partner Matthew Strassberg said the acquisition by Acibadem validates the strategic value generated by Kent.
“These investments ensure the continuity of focus on medical and service excellence for the benefit of patients and other stakeholders.
“Over the past decade, MidEuropa has actively supported Kent’s management team as we invested more than double Kent’s capacity, including the greenfield construction of a state-of-the-art oncology centre and the opening of a new satellite facility.”
Izmir Kent Hospital will be Acibadem’s 19th hospital in Turkiye and 25th globally.
IHH said 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,” it said.