Carlyle Backs Turkish Healthcare Services Co.

The Carlyle Group has acquired a 40% stake in Turkish healthcare services company Medical Park Sağlık Hizmetleri AS. No pricing terms of the all-equity deal were disclosed.

PRESS RELEASE

Global private equity firm The Carlyle Group today announced it has acquired a 40 percent stake in Medical Park Sağlık Hizmetleri A. Ş., Turkey’s second largest healthcare services company. The founding shareholders, the Sancak and Usta groups, will remain as significant investors in Medical Park. Carlyle’s all-equity investment will be used primarily to finance the hospital company’s continued expansion and reduce debt. Additional financial details were not released. The transaction closed on December 7, 2009.

Can Deldağ, Carlyle Managing Director and Head of the Turkish investment team, said, “We, as Carlyle, are very pleased to invest in a strong, growing company like Medical Park. The Turkish healthcare services sector shows great promise as patient demand for services has been high and is expected to grow steadily.”

Dr. Muharrem Usta, Chief Executive Officer and co-owner of Medical Park, said, “Carlyle’s financial and institutional support, combined with Medical Park Management’s unique healthcare industry expertise, will foster our growth strategy and further develop our facilities to world class standards.”

Medical Park was established in 2005 with two existing hospitals based in Istanbul dating from the mid-1990s. Through the development of new hospital projects in leading cities in Western Turkey, and the acquisition of single hospitals based in North and East Anatolia, Medical Park now owns and operates 13 hospitals with 2,000 beds as of 2009. Medical Park provides a diverse range of healthcare services with 800 physicians, 1,600 nurses and 2,800 support personnel.

Haydar Sancak, Chairman of Sancak Yatırım A. Ş., co-owner of Medical Park, said, “We welcome this significant capital commitment from Carlyle, which will strengthen Medical Park’s balance sheet and help sustain its growth.”

Walid Musallam, Carlyle Managing Director and Head of the MENA team, said, “As the global financial crisis eases, we see increased investment opportunities in the MENA region in general and Turkey in particular. We will give all the necessary support to make Medical Park a successful regional player.”

Equity for this investment, Carlyle’s second in the MENA region, will come from Carlyle MENA Partners, a $500 million growth capital and buyout fund that closed in March 2009.

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About Medical Park

Medical Park was established in 2005 with two existing hospitals based in Istanbul dating from the mid-1990s. Through the development of new hospital projects in leading cities in Western Turkey, and the acquisition of single hospitals based in North and East Anatolia, Medical Park now owns and operates 13 hospitals with 2,000 beds as of 2009. Medical Park provides a diverse range of healthcare services with 800 physicians, 1,600 nurses and 2,800 support personnel. www.medicalpark.com.tr

Carlyle MENA Partners

Carlyle’s MENA team was established in March 2007 to invest primarily in healthy, growing companies. From offices in Cairo, Dubai and Istanbul, Carlyle’s team of 11 professionals targets investments in Turkey, North Africa (Algeria, Egypt, Libya, Morocco and Tunisia), the Gulf Cooperation Council (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates), the Levant (Lebanon and Jordan) and Pakistan. The team will leverage Carlyle’s expertise in various sectors, including energy, financial services, healthcare, industrial, infrastructure, technology and transportation.

The Carlyle Group

The Carlyle Group is a global private equity firm with $87.6 billion of assets under management committed to 65 funds as of September 30, 2009. Carlyle invests in buyouts, growth capital, real estate and leveraged finance in Africa, Asia, Australia, Europe, North America and South America focusing on aerospace & defense, automotive & transportation, consumer & retail, energy & power, financial services, healthcare, industrial, infrastructure, technology & business services and telecommunications & media. Since 1987, the firm has invested $57.5 billion of equity in 932 transactions for a total purchase price of approximately $230.9 billion. The Carlyle Group employs more than 870 people in 19 countries. In the aggregate, Carlyle portfolio companies have more than $109 billion in revenue and employ more than 415,000 people around the world.

www.carlyle.com