News About Turkey

 

IHH share price falls as Lira weakens

IHH Healthcare's share price fell 2.7% on the morning of Monday, July 8, as the Turkish lira weakened because of a high-level sacking by president Erdogan. The two might not be inextricably linked but it highlights the inherent risk to the Turkish business.

FREE BLOG Interview: Julia Khalimova, Healthcare Quality and Patient Safety Specialist, International Finance Corporation (IFC)

A recent study in the Lancet showed that it was more dangerous to have access to poor quality health care than to have no access to health care. That is particularly true in Emerging Markets where quality varies dramatically. Julia Khalimova, Healthcare Quality and Patient Safety Specialist at IFC, the arm of the World Bank that invests in the private sectors of emerging markets, has been studying the field for ten years and IFC has recently launched a tool to enable operators to measure and improve. We talk to her about the problem. What progress has been made? And what is the best solution?

All change at IHH as CEO departure announced

Pan-Asian hospital group IHH Healthcare has announced its CEO will change at the end of 2019, a refinancing of up to $250m of non-Lira debt and its Fortis deal boosted Q1 2019 results, while its Turkish subsidiary Acibadem is reportedly eyeing an investment in London.

What do successful healthcare brands do?

What really makes a healthcare brand stand out and succeed? And how do operators actually achieve this? At HBI 2019 we heard from an operational expert at Siemens Healthineers, a marketing expert from one of the UK's largest private hospital groups and were given a financial steer on branding from Turkish hospital group MLP Care.

MLP Care plans consolidation

Turkey's largest independent private hospital group wants to consolidate the market by buying 9% of the country's for-profit hospitals over the next 2-3 years.

Acibadem pulls Bulgarian sale

IHH-owned hospital group Acibadem has decided not to sell its Bulgarian assets. HBI sources have expressed incredulity at the reasons given.

Full year post-tax profits plummet at IHH

Pan-Asian hospital group IHH Healthcare saw 3% revenue growth, 9% EBITDA growth but a 35% plummet in post-tax profits in 2018. The results confirm its struggles in Turkey.

Turkish private hospitals closing at a dizzying rate

We hear that a handful of independent private hospitals in Turkey have closed in the past few months as a faltering economy takes its toll, while larger groups are apparently cutting back on staffing to maintain margins.

Turkish lira fall drags IHH’s Q3 results into the red

A month ago we wrote that pan-Asian hospital group IHH Healthcare might be looking to exit its Turkish subsidiary, Acibadem. Over the past week, it revealed a loss in Q3 because of the Lira's fall and also announced a new single-largest shareholder. One source suggests it might be looking to sell before March's local elections in Turkey.

Is IHH pulling out of Europe to focus on Asia?

Recent developments point to pan-Asian hospital group IHH scaling down Acibadem, its Turkey-based subsidiary. What does this mean for its interest in Europe? We talk to well-placed sources about what a falling lira, shareholder restructuring, asset sales in Bulgaria and Macedonia, and IHH’s acquisition of Indian chain Fortis might mean.

Is IHH pulling out of Europe?

Recent developments point to pan-Asian hospital group IHH scaling down Acibadem, its Turkey-based subsidiary. What does this mean for its interest in Europe? We talk to well-placed sources about what a falling lira, shareholder restructuring, asset sales in Bulgaria and Macedonia, and IHH's acquisition of Indian chain Fortis might mean.

Interview: Giuseppe Recchi, CEO, Affidea

Healthcare Europa speaks to Giuseppe Recchi, CEO of pan-European advanced diagnostic imaging specialist Affidea, to find out about the company’s foray into outpatient care, the state of AI, and plans for the future.

Turkey’s largest hospital group on the hunt for acquisitions

MLP Care, Turkey's largest hospital group which runs the Medical Park chain, saw substantial revenue and  EBITDA growth in the first six months of the year. Group CFO Burcu Ozturk tells us that is now looking to expand via acquisitions after opening two new hospitals this year.

FREE BLOG HBI Awards 2018: Programme that minimises radiation doses for CT scans

CT scans, particularly in emergency settings, can generate high doses of radiation. Affidea has rolled out a programme across its 235 centres in 16 countries which prescribes levels for 72 different CT scans. This is based on its database of 75,000 examinations a month. This has led to Affidea creating 105 unified protocols to standardize operating procedures for CT scans. This program is key to Affidea’s strategy for winning international tenders.

Interview: Muharrem Usta, Chairman, MLP Care

We talk to MLP Care chairman Muharrem Usta about the group's business model, growth strategy, long-term prospects and rumours about upcoming co-pay reforms. It IPOed in February on the Borsa Istanbul, which has since plummeted, dragging down MLP's share price. But the company is upbeat and recently added hospitals in Pendik and Mersin to its portfolio.

Interview: Giuseppe Recchi, CEO and Rowland Illing, CMO, Affidea

In a wide-ranging interview, we look at Affidea’s strategy and view of the market covering everything from partnerships with AI outfits, elite hospitals and payors through to the growth of private pay and the opportunities to manage entire health systems. How will the imaging services and radiotherapy group with HBI estimated sales of around €370m in 2017 grow and build over the next five years?

International players needed to help with ambitious Turkish PPP programme

The Turkish government has an ambitious PPP program to build 34 hospitals totalling almost 43,000 beds, and is outsourcing five major clinical areas to the private sector. Healthcare Europa talks to a consultant who is working with the government, which is looking to involve international rehab and lab players.

Co-pay changes could boost Turkish hospital market

Recently listed Turkish hospital chain Medical Park Group has released its maiden results. We talk to a local contact about how the company is faring post IPO, and how co-pay changes could point to a rosy future.

Turkish hospital lands on stock market with a low multiple

Turkish hospital chain Medical Park Group has completed its IPO raising €294m for 36% of the €840m valued company. The EBITDA multiple is a far cry from previous healthcare transactions in Turkey, but a source tells Healthcare Europa it's a fair one.

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