Reuters – Carlyle May Sell Medical Park By June

U.S. private equity firm Carlyle Group may complete the sale of its shares in Medical Park in the first half of 2013, the Turkish hospital group’s chairman said. Medical Park’s other main shareholder, the Sancak family, may also consider selling a stake, Muharrem Usta also told Reuters on Friday, adding he would not sell his own shares. Sources told Reuters that private equity firms Texas Pacific Group and CVC were among those interested in buying a stake in Medical Park.

(Reuters) – U.S. private equity firm Carlyle Group may complete the sale of its shares in Medical Park in the first half of 2013, the Turkish hospital group’s chairman said.

Medical Park’s other main shareholder, the Sancak family, may also consider selling a stake, Muharrem Usta also told Reuters on Friday, adding he would not sell his own shares.

An initial public offering is not on the agenda, he said.

Sources told Reuters that private equity firms Texas Pacific Group and CVC were among those interested in buying a stake in Medical Park.

The hospital chain mandated Credit Suisse and Goldman Sachs to look at a possible sale or IPO, Carlyle and the Turkish shareholders said in September.

Carlyle acquired a 40 percent stake in 2009 for an undisclosed amount alongside founders Usta and Haydar Sancak, who each own 30 percent.

Healthcare and private hospitals are popular among private equity houses. Earlier this year, Khazanah Nasional Berhad, Malaysia’s state investment company, bought a 75 percent stake in Turkish group Acibadem Hospital and affiliated companies from Dubai-based Abraaj and Turkey’s Aydinlar family. (Reporting by Ceyda Caglayan; Writing by Seltem Iyigun and Seda Sezer; Editing by Dan Lalor)

Related Posts

Leave a Reply

PEHUB Community

Join the 12493 members of peHUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Psst! Got any hot tips?

  • This field is for validation purposes and should be left unchanged.

Look Who’s Tweeting

Reuters VC and PE feed

RSS Feed Widget

Groups