Acıbadem Sağlık Grubu €125 million acquisition of Tokuda Hospital and City Hospitals and Clinics

20/4/2016
Public acquisition

€ 125 million

$ 139.186 million

Completed

20/4/2016


Overview:

  • Acıbadem Sağlık Grubu has acquired Bulgarian hospital operator Tokuda Hospital and 33% of City Hospitals and Clinics for a combined €125 million.
  • The Turkish healthcare operator plans to open a hospital in the coastal city of Varna and expand the facility in Burgas.
  • Tokuda has 52,000 square metres of real estate with 550 beds, City Clinic operates three hospitals  and three outpatient centres.

Sam Duke - Editor

Jurisdictions:

Bulgaria
Türkiye

Deal type:

Public acquisition

Practice area:

M&A

Industry sector:

Healthcare


Firms:

Party: City Hospitals and Clinics (Target, Shareholder)

Lawyer: Robert Irving


Party: Acıbadem Sağlık Grubu (Acquirer)

Party: City Hospitals and Clinics (Target, Shareholder)