HBI Deals+Insights / M&A/IPOs

Aldagi leaves Turks standing in consolidation race

Aldagi BCI, the Bank of Georgia’s private medical insurer and the country’s largest hospital chain, has been snapping up stray hospital groups in strategic areas seemingly unopposed. Meanwhile, Turkish healthcare giant Universal Hospital Group – who once pledged $150 million to buy five Georgian hospitals – has angered locals and failed to come good on investment promises. Georgia is the only country in Europe to embark on the wholesale privatisation of its public hospital network.

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